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

First Trust China AlphaDEX Fund (NASDAQ:FCA) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 422 shares, a drop of 62.3% from the June 30th total of 1,118 shares. Based on an average daily trading volume, of 14,109 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. First Trust Advisors LP increased its stake in First Trust China AlphaDEX Fund by 52.2% in the first quarter. First Trust Advisors LP now owns 2,038,422 shares of the company’s stock valued at $63,884,000 after acquiring an additional 699,253 shares during the period. Jane Street Group LLC bought a new position in First Trust China AlphaDEX Fund during the first quarter worth about $3,046,000. &PARTNERS bought a new position in First Trust China AlphaDEX Fund during the fourth quarter worth about $2,970,000. Citadel Advisors LLC acquired a new stake in First Trust China AlphaDEX Fund during the third quarter valued at approximately $1,314,000. Finally, StoneX Group Inc. boosted its holdings in First Trust China AlphaDEX Fund by 495.8% during the fourth quarter. StoneX Group Inc. now owns 50,473 shares of the company’s stock valued at $1,427,000 after purchasing an additional 42,001 shares in the last quarter.

First Trust China AlphaDEX Fund Stock Up 0.2%

Shares of FCA opened at $27.17 on Monday. The stock’s 50-day moving average price is $28.99 and its 200 day moving average price is $31.19. The firm has a market capitalization of $32.60 million, a price-to-earnings ratio of 9.26 and a beta of 0.42. First Trust China AlphaDEX Fund has a 12-month low of $24.86 and a 12-month high of $34.60.

First Trust China AlphaDEX Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.4019 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 5.9%.

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.