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

First Trust China AlphaDEX Fund (NASDAQ:FCA) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,118 shares, a drop of 84.4% from the June 15th total of 7,169 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 283,696 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in First Trust China AlphaDEX Fund during the third quarter worth approximately $69,000. Kestra Advisory Services LLC bought a new stake in shares of First Trust China AlphaDEX Fund in the 4th quarter valued at approximately $153,000. StoneX Group Inc. bought a new stake in shares of First Trust China AlphaDEX Fund in the 2nd quarter valued at approximately $204,000. GeoWealth Management LLC bought a new stake in shares of First Trust China AlphaDEX Fund in the 3rd quarter valued at approximately $587,000. Finally, Genesee Capital Advisors LLC purchased a new position in shares of First Trust China AlphaDEX Fund in the 4th quarter worth approximately $610,000.

First Trust China AlphaDEX Fund Trading Down 0.4%

Shares of NASDAQ:FCA traded down $0.10 during midday trading on Friday, reaching $26.53. 861 shares of the company were exchanged, compared to its average volume of 62,619. The business’s fifty day moving average is $30.31 and its two-hundred day moving average is $31.33. First Trust China AlphaDEX Fund has a one year low of $24.07 and a one year high of $34.60. The stock has a market cap of $33.16 million, a PE ratio of 9.26 and a beta of 0.42.

First Trust China AlphaDEX Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.4019 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.61 annualized dividend and a yield of 6.1%.

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.