First Trust China AlphaDEX Fund (NASDAQ:FCA) Stock Price Down 0.3% - Here's What Happened

Key Points

• Shares of First Trust China AlphaDEX Fund (NASDAQ:FCA) fell 0.3% to $31.34 midday (intraday low $30.86) on very light trading—just 3,079 shares, a 94% decline versus average volume.
• The fund trades below its 50-day moving average ($32.54) but above its 200-day ($30.25), with a market cap of $76.78 million, a P/E of 9.26 and a low beta of 0.43.
• First Trust Advisors increased its stake to 1,089,404 shares (+6.7%), and other institutions including Jane Street, StoneX, Avestar and GeoWealth also initiated or added positions.

First Trust China AlphaDEX Fund (NASDAQ:FCA - ) shares dropped 0.3% during mid-day trading on Tuesday . The stock traded as low as $30.86 and last traded at $31.34. Approximately 3,079 shares were traded during trading, a decline of 94% from the average daily volume of 55,375 shares. The stock had previously closed at $31.43.

First Trust China AlphaDEX Fund Price Performance

The business's 50 day moving average price is $32.54 and its 200 day moving average price is $30.25. The stock has a market capitalization of $76.78 million, a P/E ratio of 9.26 and a beta of 0.43.

Institutional Investors Weigh In On First Trust China AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in FCA. Jane Street Group LLC purchased a new stake in First Trust China AlphaDEX Fund during the first quarter valued at $3,046,000. First Trust Advisors LP grew its stake in shares of First Trust China AlphaDEX Fund by 6.7% during the 2nd 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. StoneX Group Inc. purchased a new stake in shares of First Trust China AlphaDEX Fund during the 2nd quarter valued at about $204,000. Avestar Capital LLC increased its position in shares of First Trust China AlphaDEX Fund by 33.1% during the 3rd quarter. Avestar Capital LLC now owns 20,440 shares of the company's stock valued at $592,000 after purchasing an additional 5,084 shares during the last quarter. Finally, GeoWealth Management LLC bought a new position in shares of First Trust China AlphaDEX Fund in the 3rd quarter worth approximately $587,000.

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.

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