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

First Trust China AlphaDEX Fund (NASDAQ:FCA – Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 484 shares, a drop of 94.8% from the September 15th total of 9,326 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,337 shares, the short-interest ratio is currently 0.1 days.

First Trust China AlphaDEX Fund Stock Performance

First Trust China AlphaDEX Fund stock traded up $0.15 during midday trading on Friday, hitting $25.63. 536 shares of the company’s stock were exchanged, compared to its average volume of 44,306. The company has a market cap of $29.48 million, a P/E ratio of 9.26 and a beta of 0.43. The stock has a 50-day moving average price of $26.99 and a two-hundred day moving average price of $29.17. First Trust China AlphaDEX Fund has a 52-week low of $25.13 and a 52-week high of $34.60.

First Trust China AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.8921 per share. This is a boost from First Trust China AlphaDEX Fund’s previous quarterly dividend of $0.4019. The ex-dividend date was Thursday, September 24th. This represents a $3.57 dividend on an annualized basis and a dividend yield of 13.9%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in First Trust China AlphaDEX Fund in the second quarter valued at approximately $194,000. Citadel Advisors LLC grew its stake in First Trust China AlphaDEX Fund by 1,196.2% in the 2nd quarter. Citadel Advisors LLC now owns 89,362 shares of the company’s stock worth $2,436,000 after buying an additional 82,468 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in First Trust China AlphaDEX Fund in the 2nd quarter worth approximately $355,000. Compass Financial Management LLC bought a new position in shares of First Trust China AlphaDEX Fund in the 2nd quarter worth $40,000. Finally, First Trust Advisors LP raised its position in shares of First Trust China AlphaDEX Fund by 52.2% during the 1st quarter. First Trust Advisors LP now owns 2,038,422 shares of the company’s stock valued at $63,884,000 after buying an additional 699,253 shares in the last quarter.

First Trust China AlphaDEX Fund Company Profile

(Get Free Report)

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.

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