First Trust China AlphaDEX Fund (NASDAQ:FCA) Short Interest Update

First Trust China AlphaDEX Fund (NASDAQ:FCA) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 24,889 shares, a drop of 63.9% from the January 15th total of 68,866 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily volume of 22,954 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 22,954 shares, the short-interest ratio is presently 1.1 days. Currently, 1.0% of the shares of the company are short sold.

First Trust China AlphaDEX Fund Stock Up 1.4%

Shares of FCA stock traded up $0.45 on Thursday, hitting $33.60. The company had a trading volume of 101,270 shares, compared to its average volume of 23,813. First Trust China AlphaDEX Fund has a twelve month low of $17.34 and a twelve month high of $33.70. The firm has a market cap of $82.32 million, a P/E ratio of 9.26 and a beta of 0.43. The company has a 50-day moving average price of $30.30 and a 200-day moving average price of $28.96.

First Trust China AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.1285 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.5%.

Hedge Funds Weigh In On First Trust China AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FCA. Advisory Services Network LLC purchased a new position in First Trust China AlphaDEX Fund during the third quarter worth approximately $69,000. StoneX Group Inc. purchased a new position in shares of First Trust China AlphaDEX Fund during the 2nd quarter valued at approximately $204,000. GeoWealth Management LLC acquired a new stake in First Trust China AlphaDEX Fund in the 3rd quarter valued at $587,000. Avestar Capital LLC increased its holdings in First Trust China AlphaDEX Fund by 33.1% in the 3rd quarter. Avestar Capital LLC now owns 20,440 shares of the company’s stock worth $592,000 after acquiring an additional 5,084 shares in the last quarter. Finally, Genesee Capital Advisors LLC purchased a new stake in First Trust China AlphaDEX Fund in the 4th quarter worth $610,000.

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.