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

Key Points

• The First Trust China AlphaDEX Fund (NASDAQ:FCA) experienced a 45.6% decline in short interest in September, dropping to 13,600 shares from 25,000 shares.
• The fund recently paid a quarterly dividend of $0.2567 on September 30th, resulting in an annualized dividend yield of 3.6%.
• FCA's stock price has remained stable around $28.58, with a one-year range between $17.34 and $29.66.

First Trust China AlphaDEX Fund (NASDAQ:FCA - ) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 13,600 shares, a decline of 45.6% from the September 15th total of 25,000 shares. Based on an average trading volume of 14,100 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 14,100 shares, the short-interest ratio is presently 1.0 days.

First Trust China AlphaDEX Fund Price Performance

Shares of FCA remained flat at $28.58 during trading hours on Tuesday. The company had a trading volume of 2,777 shares, compared to its average volume of 11,058. First Trust China AlphaDEX Fund has a one year low of $17.34 and a one year high of $29.66. The company has a market cap of $61.45 million, a price-to-earnings ratio of 9.26 and a beta of 0.57. The firm has a 50 day moving average price of $28.31 and a two-hundred day moving average price of $24.73.

First Trust China AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.2567 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.03 annualized dividend and a dividend yield of 3.6%.

Institutional Trading of First Trust China AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the stock. StoneX Group Inc. bought a new stake in First Trust China AlphaDEX Fund during the second quarter valued at about $204,000. Flow Traders U.S. LLC bought a new stake in First Trust China AlphaDEX Fund during the first quarter valued at about $813,000. First Trust Advisors LP grew its holdings in First Trust China AlphaDEX Fund by 6.7% during the second quarter. First Trust Advisors LP now owns 1,089,404 shares of the company's stock valued at $26,276,000 after purchasing an additional 68,396 shares during the period. OLD Mission Capital LLC bought a new stake in First Trust China AlphaDEX Fund during the first quarter valued at about $2,673,000. Finally, Jane Street Group LLC bought a new stake in First Trust China AlphaDEX Fund during the first quarter valued at about $3,046,000.

First Trust China AlphaDEX Fund Company Profile

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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