Short Interest in First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Declines By 48.5%

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 19,891 shares, a drop of 48.5% from the February 12th total of 38,611 shares. Based on an average daily volume of 12,829 shares, the short-interest ratio is currently 1.6 days. Currently, 0.6% of the shares of the company are sold short. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 12,829 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in FJP. LPL Financial LLC lifted its holdings in First Trust Japan AlphaDEX Fund by 15.4% during the 4th quarter. LPL Financial LLC now owns 240,113 shares of the company’s stock valued at $16,130,000 after purchasing an additional 32,043 shares during the last quarter. Rathbones Group PLC increased its holdings in shares of First Trust Japan AlphaDEX Fund by 28.8% in the third quarter. Rathbones Group PLC now owns 107,582 shares of the company’s stock valued at $7,011,000 after purchasing an additional 24,059 shares during the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Japan AlphaDEX Fund by 25.7% in the second quarter. Cetera Investment Advisers now owns 89,722 shares of the company’s stock valued at $5,358,000 after purchasing an additional 18,358 shares during the period. Concorde Asset Management LLC lifted its stake in shares of First Trust Japan AlphaDEX Fund by 87.1% during the 4th quarter. Concorde Asset Management LLC now owns 25,327 shares of the company’s stock worth $1,701,000 after buying an additional 11,788 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of First Trust Japan AlphaDEX Fund by 2,389.0% during the 1st quarter. Jones Financial Companies Lllp now owns 9,309 shares of the company’s stock worth $510,000 after buying an additional 8,935 shares during the last quarter.

First Trust Japan AlphaDEX Fund Trading Down 2.2%

NASDAQ:FJP traded down $1.61 on Thursday, hitting $72.68. The company’s stock had a trading volume of 9,492 shares, compared to its average volume of 13,275. The stock has a fifty day moving average of $74.55 and a two-hundred day moving average of $69.26. The firm has a market capitalization of $225.31 million, a P/E ratio of 10.49 and a beta of 0.59. First Trust Japan AlphaDEX Fund has a one year low of $43.52 and a one year high of $82.45.

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.