First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Up 130.3% in October

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 15,200 shares, an increase of 130.3% from the October 15th total of 6,600 shares. Based on an average trading volume of 9,100 shares, the short-interest ratio is presently 1.7 days.

First Trust Japan AlphaDEX Fund Trading Up 0.6 %

Shares of NASDAQ:FJP traded up $0.31 during trading on Friday, reaching $51.65. The stock had a trading volume of 9,207 shares, compared to its average volume of 14,253. First Trust Japan AlphaDEX Fund has a one year low of $45.39 and a one year high of $55.45. The firm’s 50-day simple moving average is $52.61 and its 200 day simple moving average is $52.32. The company has a market capitalization of $193.69 million, a P/E ratio of 7.05 and a beta of 0.67.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the business. Great Valley Advisor Group Inc. purchased a new stake in First Trust Japan AlphaDEX Fund in the second quarter valued at approximately $201,000. ABLE Financial Group LLC acquired a new stake in First Trust Japan AlphaDEX Fund during the 3rd quarter valued at approximately $202,000. Sanctuary Advisors LLC purchased a new stake in shares of First Trust Japan AlphaDEX Fund in the 2nd quarter valued at $228,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of First Trust Japan AlphaDEX Fund by 5.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 5,004 shares of the company’s stock worth $258,000 after acquiring an additional 276 shares during the period. Finally, Farther Finance Advisors LLC acquired a new stake in shares of First Trust Japan AlphaDEX Fund in the third quarter worth $317,000.

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.