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

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

First Trust China AlphaDEX Fund Price Performance

First Trust China AlphaDEX Fund stock traded down $1.10 during midday trading on Friday, hitting $32.06. 27,499 shares of the stock were exchanged, compared to its average volume of 19,740. The company has a 50 day moving average price of $29.55 and a two-hundred day moving average price of $28.46. The firm has a market cap of $78.55 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 $33.24.

First Trust China AlphaDEX Fund Cuts Dividend

The business also recently declared 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 of this dividend was Friday, December 12th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.6%.

Institutional Investors Weigh In On First Trust China AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in First Trust China AlphaDEX Fund during the third quarter valued at $69,000. StoneX Group Inc. bought a new position in First Trust China AlphaDEX Fund in the 2nd quarter worth about $204,000. GeoWealth Management LLC bought a new position in First Trust China AlphaDEX Fund in the 3rd quarter worth approximately $587,000. Avestar Capital LLC grew its stake in shares of 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 purchasing an additional 5,084 shares in the last quarter. Finally, Genesee Capital Advisors LLC bought a new position in First Trust China AlphaDEX Fund in the 4th quarter valued at about $610,000.

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.