First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Down 28.7% in October

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 6,200 shares, a drop of 28.7% from the September 30th total of 8,700 shares. Based on an average daily volume of 9,900 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 9,900 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FJP. Rossby Financial LCC bought a new position in shares of First Trust Japan AlphaDEX Fund during the first quarter valued at approximately $31,000. Moser Wealth Advisors LLC bought a new stake in shares of First Trust Japan AlphaDEX Fund during the second quarter valued at approximately $70,000. Harbour Investments Inc. increased its position in shares of First Trust Japan AlphaDEX Fund by 5.9% during the first quarter. Harbour Investments Inc. now owns 3,538 shares of the company’s stock valued at $194,000 after acquiring an additional 198 shares in the last quarter. BlueChip Wealth Advisors LLC bought a new stake in shares of First Trust Japan AlphaDEX Fund during the second quarter valued at approximately $207,000. Finally, FSB Premier Wealth Management Inc. bought a new stake in shares of First Trust Japan AlphaDEX Fund during the first quarter valued at approximately $208,000.

First Trust Japan AlphaDEX Fund Stock Down 0.2%

Shares of NASDAQ FJP traded down $0.10 on Tuesday, reaching $66.22. 9,629 shares of the company’s stock traded hands, compared to its average volume of 14,982. First Trust Japan AlphaDEX Fund has a 12 month low of $43.52 and a 12 month high of $68.09. The business’s 50 day simple moving average is $65.64 and its two-hundred day simple moving average is $61.39. The company has a market cap of $201.97 million, a price-to-earnings ratio of 10.49 and a beta of 0.59.

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.