First Trust China AlphaDEX Fund (NASDAQ:FCA) Sees Significant Growth in Short Interest

First Trust China AlphaDEX Fund (NASDAQ:FCA) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 19,641 shares, a growth of 251.8% from the December 15th total of 5,583 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average trading volume of 21,881 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 21,881 shares, the short-interest ratio is presently 0.9 days. Currently, 0.9% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust China AlphaDEX Fund

Institutional investors have recently modified their holdings of the business. First Trust Advisors LP increased its position in shares of First Trust China AlphaDEX Fund by 24.0% during the third quarter. First Trust Advisors LP now owns 1,350,552 shares of the company’s stock worth $39,125,000 after acquiring an additional 261,148 shares during the period. Jane Street Group LLC purchased a new stake in First Trust China AlphaDEX Fund during the 1st quarter worth about $3,046,000. Citadel Advisors LLC purchased a new stake in First Trust China AlphaDEX Fund during the 3rd quarter worth about $1,314,000. Raymond James Financial Inc. boosted its stake in shares of First Trust China AlphaDEX Fund by 12.7% in the 3rd quarter. Raymond James Financial Inc. now owns 31,601 shares of the company’s stock valued at $915,000 after buying an additional 3,557 shares during the period. Finally, Avestar Capital LLC grew its position in shares of First Trust China AlphaDEX Fund by 33.1% during the third quarter. Avestar Capital LLC now owns 20,440 shares of the company’s stock worth $592,000 after buying an additional 5,084 shares in the last quarter.

First Trust China AlphaDEX Fund Stock Performance

Shares of First Trust China AlphaDEX Fund stock traded down $0.11 during trading hours on Tuesday, hitting $31.12. The company’s stock had a trading volume of 21,154 shares, compared to its average volume of 15,554. The stock has a market cap of $66.90 million, a price-to-earnings ratio of 9.26 and a beta of 0.43. First Trust China AlphaDEX Fund has a twelve month low of $17.34 and a twelve month high of $31.38. The firm has a fifty day moving average of $28.96 and a 200-day moving average of $27.85.

First Trust China AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.1285 dividend. This represents a $0.51 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, December 12th.

About First Trust China AlphaDEX Fund

The First Trust China AlphaDEX Fund (FCA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX China index. The fund tracks the Defined China Index. The alpha-seeking index employs a quantitative methodology to select stocks based on both value and growth factors. FCA was launched on Apr 18, 2011 and is managed by First Trust.