First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Down 8.3% in October

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 6,600 shares, a drop of 8.3% from the September 30th total of 7,200 shares. Based on an average trading volume of 12,900 shares, the short-interest ratio is currently 0.5 days.

First Trust Japan AlphaDEX Fund Stock Performance

Shares of FJP opened at $51.71 on Friday. The business’s 50-day moving average is $52.82 and its two-hundred day moving average is $52.34. The company has a market capitalization of $193.91 million, a P/E ratio of 7.05 and a beta of 0.67. First Trust Japan AlphaDEX Fund has a fifty-two week low of $45.39 and a fifty-two week high of $55.45.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC acquired a new stake in First Trust Japan AlphaDEX Fund during the 3rd quarter worth about $317,000. Wealth Enhancement Advisory Services LLC grew its position in shares of First Trust Japan AlphaDEX Fund by 7.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 82,830 shares of the company’s stock valued at $4,493,000 after acquiring an additional 5,579 shares during the period. Iams Wealth Management LLC grew its position in shares of First Trust Japan AlphaDEX Fund by 11.2% during the 3rd quarter. Iams Wealth Management LLC now owns 10,230 shares of the company’s stock valued at $555,000 after acquiring an additional 1,030 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Japan AlphaDEX Fund during the 2nd quarter valued at about $228,000. Finally, Truist Financial Corp grew its position in shares of First Trust Japan AlphaDEX Fund by 2.1% during the 2nd quarter. Truist Financial Corp now owns 21,290 shares of the company’s stock valued at $1,097,000 after acquiring an additional 440 shares during the period.

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.