Short Interest in First Trust China AlphaDEX Fund (NASDAQ:FCA) Increases By 43.3%

First Trust China AlphaDEX Fund (NASDAQ:FCA) was the target of a significant increase in short interest in 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. Currently, 0.3% of the company’s stock 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. Currently, 0.3% of the company’s stock are short sold.

First Trust China AlphaDEX Fund Stock Down 1.4%

Shares of NASDAQ FCA traded down $0.41 during trading hours on Monday, hitting $28.52. The company had a trading volume of 3,488 shares, compared to its average volume of 11,018. The stock has a market capitalization of $61.32 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 firm’s 50 day moving average is $28.76 and its 200-day moving average is $27.40.

First Trust China AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a dividend of $0.1285 per share. 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 Trading of First Trust China AlphaDEX Fund

A number of hedge funds have recently modified their holdings of the stock. First Trust Advisors LP raised its holdings in First Trust China AlphaDEX Fund by 24.0% in the 3rd quarter. First Trust Advisors LP now owns 1,350,552 shares of the company’s stock valued at $39,125,000 after acquiring an additional 261,148 shares during the period. Jane Street Group LLC bought a new stake in First Trust China AlphaDEX Fund in the 1st quarter valued at about $3,046,000. Citadel Advisors LLC acquired a new position in shares of First Trust China AlphaDEX Fund during the 3rd quarter worth approximately $1,314,000. GeoWealth Management LLC bought a new position in shares of First Trust China AlphaDEX Fund during the third quarter worth approximately $587,000. Finally, StoneX Group Inc. bought a new position in shares of First Trust China AlphaDEX Fund during the second quarter worth approximately $204,000.

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.