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

First Trust China AlphaDEX Fund (NASDAQ:FCA) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 5,583 shares, an increase of 43.3% from the November 30th total of 3,895 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 4,174 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 4,174 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the shares of the company are short sold.

First Trust China AlphaDEX Fund Trading Down 0.5%

Shares of NASDAQ:FCA traded down $0.15 on Wednesday, hitting $28.27. 8,196 shares of the company were exchanged, compared to its average volume of 11,017. The firm has a market capitalization of $60.78 million, a P/E ratio of 9.26 and a beta of 0.43. First Trust China AlphaDEX Fund has a 1-year low of $17.34 and a 1-year high of $30.38. The stock’s 50 day moving average price is $28.75 and its 200 day moving average price is $27.47.

First Trust China AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a $0.1285 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.8%.

Institutional Investors Weigh In On First Trust China AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FCA. Advisory Services Network LLC acquired a new position in shares of First Trust China AlphaDEX Fund during the 3rd quarter worth approximately $69,000. Citadel Advisors LLC purchased a new stake in First Trust China AlphaDEX Fund in the 3rd quarter worth $1,314,000. Raymond James Financial Inc. increased its holdings in First Trust China AlphaDEX Fund by 12.7% in the 3rd quarter. Raymond James Financial Inc. now owns 31,601 shares of the company’s stock worth $915,000 after acquiring an additional 3,557 shares in the last quarter. GeoWealth Management LLC acquired a new position in First Trust China AlphaDEX Fund during the third quarter worth $587,000. Finally, First Trust Advisors LP lifted its holdings in First Trust China AlphaDEX Fund by 24.0% during the third quarter. First Trust Advisors LP now owns 1,350,552 shares of the company’s stock valued at $39,125,000 after purchasing an additional 261,148 shares in the last quarter.

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.