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

First Trust China AlphaDEX Fund (NASDAQ:FCA) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 7,169 shares, a drop of 42.0% from the May 31st total of 12,351 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 17,562 shares, the days-to-cover ratio is currently 0.4 days.

First Trust China AlphaDEX Fund Trading Down 0.3%

FCA traded down $0.09 on Friday, hitting $26.53. The company had a trading volume of 22,487 shares, compared to its average volume of 64,489. The company’s fifty day moving average price is $31.07 and its 200 day moving average price is $31.42. First Trust China AlphaDEX Fund has a 1 year low of $23.86 and a 1 year high of $34.60. The firm has a market cap of $33.16 million, a P/E ratio of 9.26 and a beta of 0.42.

First Trust China AlphaDEX Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.4019 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Thursday, June 25th.

Hedge Funds Weigh In On First Trust China AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC grew its position in First Trust China AlphaDEX Fund by 25.9% in the 1st quarter. Kestra Advisory Services LLC now owns 6,809 shares of the company’s stock valued at $213,000 after acquiring an additional 1,400 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of First Trust China AlphaDEX Fund during the third quarter worth about $69,000. Raymond James Financial Inc. lifted its position in shares of First Trust China AlphaDEX Fund by 12.7% during the third quarter. Raymond James Financial Inc. now owns 31,601 shares of the company’s stock worth $915,000 after purchasing an additional 3,557 shares in the last quarter. StoneX Group Inc. purchased a new position in shares of First Trust China AlphaDEX Fund in the second quarter valued at approximately $204,000. Finally, GeoWealth Management LLC purchased a new position in shares of First Trust China AlphaDEX Fund in the third quarter valued at approximately $587,000.

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.