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

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the recipient of a significant drop in short interest in 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. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 12,829 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 12,829 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.6% of the company’s stock are sold short.

First Trust Japan AlphaDEX Fund Trading Down 2.2%

Shares of NASDAQ:FJP traded down $1.61 during trading on Thursday, hitting $72.68. 9,492 shares of the company were exchanged, compared to its average volume of 13,275. First Trust Japan AlphaDEX Fund has a fifty-two week low of $43.52 and a fifty-two week high of $82.45. The stock has a market cap of $225.31 million, a price-to-earnings ratio of 10.49 and a beta of 0.59. The firm has a fifty day moving average price of $74.55 and a two-hundred day moving average price of $69.26.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the company. Pacific Excel Wealth Advisors Inc. acquired a new stake in First Trust Japan AlphaDEX Fund in the fourth quarter valued at $386,000. Cetera Investment Advisers grew its position in shares of First Trust Japan AlphaDEX Fund by 8.8% in the 4th quarter. Cetera Investment Advisers now owns 119,426 shares of the company’s stock valued at $8,022,000 after acquiring an additional 9,666 shares during the period. Mariner LLC acquired a new position in shares of First Trust Japan AlphaDEX Fund during the 4th quarter worth about $217,000. Kestra Advisory Services LLC increased its stake in shares of First Trust Japan AlphaDEX Fund by 10.9% during the 4th quarter. Kestra Advisory Services LLC now owns 11,870 shares of the company’s stock worth $797,000 after purchasing an additional 1,169 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of First Trust Japan AlphaDEX Fund by 0.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 30,183 shares of the company’s stock valued at $2,028,000 after purchasing an additional 144 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.