First Trust China AlphaDEX Fund (NASDAQ:FCA) Stock Short Interest Climbs 3,432.6%

First Trust China AlphaDEX Fund (NASDAQ:FCA) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 9,326 shares, an increase of 3,432.6% from the August 31st total of 264 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 6,935 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On First Trust China AlphaDEX Fund

A number of hedge funds have recently modified their holdings of FCA. First Trust Advisors LP grew its stake in First Trust China AlphaDEX Fund by 52.2% in the first quarter. First Trust Advisors LP now owns 2,038,422 shares of the company’s stock valued at $63,884,000 after purchasing an additional 699,253 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of First Trust China AlphaDEX Fund by 1,196.2% during the 2nd quarter. Citadel Advisors LLC now owns 89,362 shares of the company’s stock valued at $2,436,000 after buying an additional 82,468 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of First Trust China AlphaDEX Fund in the 2nd quarter valued at approximately $355,000. Integrated Wealth Concepts LLC bought a new stake in shares of First Trust China AlphaDEX Fund in the 2nd quarter valued at approximately $194,000. Finally, Kestra Advisory Services LLC increased its holdings in First Trust China AlphaDEX Fund by 25.9% in the first quarter. Kestra Advisory Services LLC now owns 6,809 shares of the company’s stock worth $213,000 after buying an additional 1,400 shares during the last quarter.

First Trust China AlphaDEX Fund Stock Down 3.7%

Shares of FCA traded down $1.00 during trading hours on Thursday, reaching $25.86. The company’s stock had a trading volume of 7,968 shares, compared to its average volume of 46,715. The company has a 50 day moving average of $27.27 and a two-hundred day moving average of $29.71. The firm has a market cap of $29.74 million, a price-to-earnings ratio of 9.26 and a beta of 0.42. First Trust China AlphaDEX Fund has a 1-year low of $25.61 and a 1-year high of $34.60.

First Trust China AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.8921 per share. This is an increase from First Trust China AlphaDEX Fund’s previous quarterly dividend of $0.4019. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $3.57 dividend on an annualized basis and a dividend yield of 13.8%.

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.