First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Sees Large Growth in Short Interest

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 16,300 shares, a growth of 150.8% from the February 28th total of 6,500 shares. Based on an average daily trading volume, of 25,400 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the company’s stock are short sold.

First Trust Japan AlphaDEX Fund Trading Down 2.8 %

NASDAQ:FJP traded down $1.57 during mid-day trading on Friday, hitting $54.85. The stock had a trading volume of 24,268 shares, compared to its average volume of 16,597. First Trust Japan AlphaDEX Fund has a twelve month low of $45.39 and a twelve month high of $57.66. The stock has a 50-day simple moving average of $54.12 and a two-hundred day simple moving average of $52.88. The company has a market capitalization of $189.23 million, a PE ratio of 11.30 and a beta of 0.67.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC raised its holdings in First Trust Japan AlphaDEX Fund by 4.6% during the fourth quarter. Sanctuary Advisors LLC now owns 5,813 shares of the company’s stock worth $306,000 after purchasing an additional 256 shares in the last quarter. Snowden Capital Advisors LLC raised its stake in First Trust Japan AlphaDEX Fund by 1.9% during the 4th quarter. Snowden Capital Advisors LLC now owns 16,167 shares of the company’s stock worth $836,000 after acquiring an additional 299 shares in the last quarter. Principal Securities Inc. lifted its position in First Trust Japan AlphaDEX Fund by 26.1% in the fourth quarter. Principal Securities Inc. now owns 1,895 shares of the company’s stock valued at $98,000 after acquiring an additional 392 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in First Trust Japan AlphaDEX Fund by 10.5% in the third quarter. Great Valley Advisor Group Inc. now owns 4,305 shares of the company’s stock valued at $234,000 after acquiring an additional 410 shares in the last quarter. Finally, Tucker Asset Management LLC grew its holdings in shares of First Trust Japan AlphaDEX Fund by 43.5% during the fourth quarter. Tucker Asset Management LLC now owns 1,396 shares of the company’s stock worth $72,000 after purchasing an additional 423 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.