First Trust Japan AlphaDEX Fund (NASDAQ:FJP – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 10,264 shares, a drop of 37.8% from the September 30th total of 16,507 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 46,415 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in shares of First Trust Japan AlphaDEX Fund by 2.7% during the second quarter. Envestnet Asset Management Inc. now owns 224,636 shares of the company’s stock worth $17,145,000 after purchasing an additional 5,849 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of First Trust Japan AlphaDEX Fund by 4.1% during the first quarter. Cetera Investment Advisers now owns 124,329 shares of the company’s stock worth $9,026,000 after acquiring an additional 4,903 shares during the last quarter. Gateway Wealth Partners LLC increased its holdings in shares of First Trust Japan AlphaDEX Fund by 99.1% during the first quarter. Gateway Wealth Partners LLC now owns 37,752 shares of the company’s stock valued at $2,741,000 after acquiring an additional 18,792 shares in the last quarter. Guild Investment Management Inc. purchased a new position in shares of First Trust Japan AlphaDEX Fund in the 3rd quarter valued at approximately $2,709,000. Finally, Citadel Advisors LLC raised its position in shares of First Trust Japan AlphaDEX Fund by 54.9% in the 2nd quarter. Citadel Advisors LLC now owns 28,635 shares of the company’s stock valued at $2,186,000 after purchasing an additional 10,144 shares during the last quarter.
First Trust Japan AlphaDEX Fund Stock Down 0.2%
Shares of NASDAQ:FJP opened at $73.17 on Wednesday. The company has a market capitalization of $267.09 million, a price-to-earnings ratio of 10.49 and a beta of 0.62. First Trust Japan AlphaDEX Fund has a 52 week low of $65.34 and a 52 week high of $82.45. The firm has a 50 day moving average of $76.89 and a 200 day moving average of $75.94.
First Trust Japan AlphaDEX Fund Company Profile
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.
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