First Trust China AlphaDEX Fund (NASDAQ:FCA) Sees Large Decline in Short Interest

First Trust China AlphaDEX Fund (NASDAQ:FCA) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 484 shares, a decrease of 94.8% from the September 15th total of 9,326 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 5,337 shares, the days-to-cover ratio is presently 0.1 days.

First Trust China AlphaDEX Fund Stock Performance

First Trust China AlphaDEX Fund stock traded up $0.15 during mid-day trading on Friday, reaching $25.63. The company’s stock had a trading volume of 536 shares, compared to its average volume of 44,306. First Trust China AlphaDEX Fund has a 12-month low of $25.13 and a 12-month high of $34.60. The company has a market capitalization of $29.48 million, a P/E ratio of 9.26 and a beta of 0.43. The firm’s fifty day moving average price is $26.99 and its two-hundred day moving average price is $29.17.

First Trust China AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.8921 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is an increase from First Trust China AlphaDEX Fund’s previous quarterly dividend of $0.4019. This represents a $3.57 dividend on an annualized basis and a dividend yield of 13.9%.

Institutional Trading of First Trust China AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust China AlphaDEX Fund in the second quarter worth about $194,000. Citadel Advisors LLC increased its holdings in First Trust China AlphaDEX Fund by 1,196.2% during the 2nd quarter. Citadel Advisors LLC now owns 89,362 shares of the company’s stock worth $2,436,000 after acquiring an additional 82,468 shares during the period. Endeavor Private Wealth Inc. purchased a new stake in First Trust China AlphaDEX Fund in the 2nd quarter worth approximately $355,000. Compass Financial Management LLC purchased a new stake in First Trust China AlphaDEX Fund in the 2nd quarter worth approximately $40,000. Finally, First Trust Advisors LP boosted its holdings in First Trust China AlphaDEX Fund by 52.2% in the 1st quarter. First Trust Advisors LP now owns 2,038,422 shares of the company’s stock valued at $63,884,000 after purchasing an additional 699,253 shares during the period.

First Trust China AlphaDEX Fund Company Profile

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.