First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Up 31.9% in May

First Trust Japan AlphaDEX Fund (NASDAQ:FJP - Get Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 12,000 shares, a growth of 31.9% from the April 30th total of 9,100 shares. Based on an average trading volume of 12,600 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.4% of the shares of the stock are short sold.

First Trust Japan AlphaDEX Fund Stock Performance

NASDAQ:FJP traded down $0.41 during trading hours on Thursday, hitting $58.97. The company's stock had a trading volume of 7,663 shares, compared to its average volume of 16,357. The business's 50-day moving average is $55.21 and its two-hundred day moving average is $53.77. The company has a market capitalization of $168.05 million, a PE ratio of 9.74 and a beta of 0.67. First Trust Japan AlphaDEX Fund has a 52-week low of $43.52 and a 52-week high of $60.54.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FJP. Congress Wealth Management LLC DE grew its holdings in First Trust Japan AlphaDEX Fund by 1.4% in the fourth quarter. Congress Wealth Management LLC DE now owns 723,800 shares of the company's stock valued at $37,406,000 after purchasing an additional 9,814 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in First Trust Japan AlphaDEX Fund by 8.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 214,926 shares of the company's stock valued at $11,107,000 after purchasing an additional 16,210 shares during the last quarter. LPL Financial LLC grew its holdings in First Trust Japan AlphaDEX Fund by 40.5% in the first quarter. LPL Financial LLC now owns 175,402 shares of the company's stock valued at $9,616,000 after purchasing an additional 50,555 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in First Trust Japan AlphaDEX Fund by 7.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,506 shares of the company's stock valued at $4,742,000 after purchasing an additional 5,969 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in First Trust Japan AlphaDEX Fund by 15.3% in the fourth quarter. Assetmark Inc. now owns 74,491 shares of the company's stock valued at $3,850,000 after purchasing an additional 9,910 shares during the last quarter.

About First Trust Japan AlphaDEX Fund

The First Trust Japan AlphaDEX Fund (FJP) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Japan index. The fund tracks a tiered equal-weighted index of Japanese equities selected using both growth and value screens. FJP was launched on Apr 18, 2011 and is managed by First Trust.