Short Interest in First Trust China AlphaDEX Fund (NASDAQ:FCA) Grows By 250.6%

First Trust China AlphaDEX Fund (NASDAQ:FCA) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 68,866 shares, an increase of 250.6% from the December 31st total of 19,641 shares. Approximately 2.9% of the shares of the stock are short sold. Based on an average trading volume of 15,579 shares, the days-to-cover ratio is presently 4.4 days. Based on an average trading volume of 15,579 shares, the days-to-cover ratio is presently 4.4 days. Approximately 2.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of First Trust China AlphaDEX Fund during the third quarter valued at approximately $69,000. Raymond James Financial Inc. raised its stake in First Trust China AlphaDEX Fund by 12.7% during the 3rd quarter. Raymond James Financial Inc. now owns 31,601 shares of the company’s stock valued at $915,000 after purchasing an additional 3,557 shares during the period. Avestar Capital LLC raised its stake in First Trust China AlphaDEX Fund by 33.1% during the 3rd quarter. Avestar Capital LLC now owns 20,440 shares of the company’s stock valued at $592,000 after purchasing an additional 5,084 shares during the period. StoneX Group Inc. acquired a new stake in shares of First Trust China AlphaDEX Fund in the second quarter worth $204,000. Finally, GeoWealth Management LLC purchased a new stake in First Trust China AlphaDEX Fund in the 3rd quarter worth about $587,000.

First Trust China AlphaDEX Fund Stock Up 1.7%

Shares of NASDAQ FCA traded up $0.56 during mid-day trading on Wednesday, hitting $32.85. 10,811 shares of the company traded hands, compared to its average volume of 19,493. First Trust China AlphaDEX Fund has a 1 year low of $17.34 and a 1 year high of $32.86. The stock has a market capitalization of $78.84 million, a price-to-earnings ratio of 9.26 and a beta of 0.43. The business has a 50 day moving average of $29.39 and a two-hundred day moving average of $28.40.

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 paid a dividend of $0.1285 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.51 dividend on an annualized basis and a yield of 1.6%.

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.