First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Down 48.5% in March

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 8,400 shares, a drop of 48.5% from the March 15th total of 16,300 shares. Based on an average daily volume of 26,100 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

First Trust Japan AlphaDEX Fund Trading Up 2.3 %

Shares of FJP traded up $1.22 during midday trading on Friday, reaching $53.85. The stock had a trading volume of 10,825 shares, compared to its average volume of 16,314. The company has a market capitalization of $153.46 million, a price-to-earnings ratio of 9.51 and a beta of 0.67. The company’s 50-day moving average is $54.07 and its 200 day moving average is $52.75. First Trust Japan AlphaDEX Fund has a 12-month low of $43.52 and a 12-month high of $57.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FJP. Wilmington Savings Fund Society FSB bought a new position in shares of First Trust Japan AlphaDEX Fund during the third quarter valued at about $27,000. Synergy Investment Management LLC purchased a new position in shares of First Trust Japan AlphaDEX Fund during the 4th quarter worth approximately $72,000. Tucker Asset Management LLC raised its position in shares of First Trust Japan AlphaDEX Fund by 43.5% in the 4th quarter. Tucker Asset Management LLC now owns 1,396 shares of the company’s stock worth $72,000 after acquiring an additional 423 shares in the last quarter. Principal Securities Inc. raised its position in shares of First Trust Japan AlphaDEX Fund by 26.1% in the 4th quarter. Principal Securities Inc. now owns 1,895 shares of the company’s stock worth $98,000 after acquiring an additional 392 shares in the last quarter. Finally, HBW Advisory Services LLC purchased a new position in shares of First Trust Japan AlphaDEX Fund in the 4th quarter valued at approximately $200,000.

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.