First Trust China AlphaDEX Fund (NASDAQ:FCA) Short Interest Update

First Trust China AlphaDEX Fund (NASDAQ:FCA) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 9,326 shares, an increase of 3,432.6% from the August 31st total of 264 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 6,935 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust China AlphaDEX Fund during the 2nd quarter valued at $194,000. Citadel Advisors LLC boosted its holdings in shares of 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 valued at $2,436,000 after buying an additional 82,468 shares during the period. Endeavor Private Wealth Inc. bought a new stake in First Trust China AlphaDEX Fund in the second quarter valued at $355,000. Compass Financial Management LLC bought a new position in First Trust China AlphaDEX Fund in the 2nd quarter worth approximately $40,000. Finally, Kestra Advisory Services LLC increased its stake in First Trust China AlphaDEX Fund by 25.9% during the 1st quarter. Kestra Advisory Services LLC now owns 6,809 shares of the company’s stock valued at $213,000 after buying an additional 1,400 shares during the period.

First Trust China AlphaDEX Fund Stock Performance

Shares of NASDAQ:FCA opened at $25.86 on Friday. The stock has a market cap of $29.74 million, a PE ratio of 9.26 and a beta of 0.42. First Trust China AlphaDEX Fund has a one year low of $25.61 and a one year high of $34.60. The business’s fifty day moving average price is $27.26 and its two-hundred day moving average price is $29.66.

First Trust China AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.8921 per share. This represents a $3.57 dividend on an annualized basis and a dividend yield of 13.8%. This is a boost from First Trust China AlphaDEX Fund’s previous quarterly dividend of $0.4019. The ex-dividend date is Thursday, September 24th.

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.