Short Interest in First Trust China AlphaDEX Fund (NASDAQ:FCA) Declines By 63.9%

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

Hedge Funds Weigh In On First Trust China AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FCA. Jane Street Group LLC purchased a new stake in shares of First Trust China AlphaDEX Fund during the 1st quarter valued at $3,046,000. First Trust Advisors LP increased its position in First Trust China AlphaDEX Fund by 6.7% during the 2nd quarter. First Trust Advisors LP now owns 1,089,404 shares of the company’s stock valued at $26,276,000 after buying an additional 68,396 shares in the last quarter. StoneX Group Inc. acquired a new position in First Trust China AlphaDEX Fund during the 2nd quarter valued at about $204,000. Avestar Capital LLC boosted 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 worth $592,000 after acquiring an additional 5,084 shares in the last quarter. Finally, GeoWealth Management LLC acquired a new stake in First Trust China AlphaDEX Fund in the third quarter worth about $587,000.

First Trust China AlphaDEX Fund Stock Performance

FCA stock traded down $1.05 during trading on Friday, reaching $32.55. 683,392 shares of the company traded hands, compared to its average volume of 25,870. The business has a 50 day simple moving average of $30.30 and a 200 day simple moving average of $28.96. First Trust China AlphaDEX Fund has a 12 month low of $17.34 and a 12 month high of $33.70. The company has a market capitalization of $79.75 million, a price-to-earnings ratio of 9.26 and a beta of 0.43.

First Trust China AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given 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%.

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.