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

First Trust China AlphaDEX Fund (NASDAQ:FCA) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 45,710 shares, a drop of 77.6% from the February 12th total of 204,262 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average trading volume of 69,751 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 69,751 shares, the short-interest ratio is presently 0.7 days. Approximately 1.9% of the company’s stock are sold short.

First Trust China AlphaDEX Fund Trading Down 0.8%

NASDAQ:FCA traded down $0.27 during midday trading on Thursday, reaching $33.25. The company had a trading volume of 45,534 shares, compared to its average volume of 60,842. First Trust China AlphaDEX Fund has a 12-month low of $17.34 and a 12-month high of $34.56. The firm has a market capitalization of $81.46 million, a price-to-earnings ratio of 9.26 and a beta of 0.43. The stock’s fifty day simple moving average is $32.23 and its 200-day simple moving average is $29.88.

Hedge Funds Weigh In On First Trust China AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FCA. Advisory Services Network LLC purchased a new stake in shares of First Trust China AlphaDEX Fund during the third quarter worth approximately $69,000. Raymond James Financial Inc. raised its holdings in First Trust China AlphaDEX Fund by 12.7% in the third quarter. Raymond James Financial Inc. now owns 31,601 shares of the company’s stock valued at $915,000 after acquiring an additional 3,557 shares in the last quarter. Avestar Capital LLC raised its holdings in First Trust China AlphaDEX Fund by 33.1% in the third quarter. Avestar Capital LLC now owns 20,440 shares of the company’s stock valued at $592,000 after acquiring an additional 5,084 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in First Trust China AlphaDEX Fund in the fourth quarter worth approximately $153,000. Finally, StoneX Group Inc. purchased a new position in First Trust China AlphaDEX Fund in the second quarter worth approximately $204,000.

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.