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

First Trust China AlphaDEX Fund (NASDAQ:FCA) was the recipient 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. Based on an average daily volume of 69,751 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.9% of the shares of the stock are sold short. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 69,751 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On First Trust China AlphaDEX Fund

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in First Trust China AlphaDEX Fund during the first quarter valued at $3,046,000. First Trust Advisors LP lifted its stake in First Trust China AlphaDEX Fund by 6.7% in the 2nd quarter. First Trust Advisors LP now owns 1,089,404 shares of the company’s stock worth $26,276,000 after purchasing an additional 68,396 shares in the last quarter. StoneX Group Inc. purchased a new stake in First Trust China AlphaDEX Fund in the 2nd quarter worth $204,000. Avestar Capital LLC boosted its holdings in shares of 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 last quarter. Finally, GeoWealth Management LLC bought a new position in shares of First Trust China AlphaDEX Fund during the 3rd quarter valued at about $587,000.

First Trust China AlphaDEX Fund Trading Up 0.5%

Shares of FCA opened at $33.12 on Wednesday. The business’s 50 day moving average is $32.03 and its 200 day moving average is $29.84. First Trust China AlphaDEX Fund has a 12-month low of $17.34 and a 12-month high of $34.56. The company has a market capitalization of $81.14 million, a PE ratio of 9.26 and a beta of 0.43.

First Trust China AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.1285 per share. The ex-dividend date was Friday, December 12th. This represents a $0.51 annualized dividend and a dividend 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.