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


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First Trust China AlphaDEX Fund (NASDAQ:FCA) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 10,000 shares, a decline of 82.7% from the March 15th total of 57,800 shares. Based on an average daily trading volume, of 8,900 shares, the days-to-cover ratio is presently 1.1 days.

A hedge fund recently raised its stake in First Trust China AlphaDEX Fund stock. AdvisorNet Financial Inc grew its stake in shares of First Trust China AlphaDEX Fund (NASDAQ:FCA) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,919 shares of the company’s stock after purchasing an additional 381 shares during the quarter. AdvisorNet Financial Inc owned approximately 1.76% of First Trust China AlphaDEX Fund worth $228,000 at the end of the most recent quarter.

NASDAQ FCA traded down $0.57 on Tuesday, hitting $29.67. 1,659 shares of the stock were exchanged, compared to its average volume of 9,051. The stock has a fifty day moving average price of $29.67 and a two-hundred day moving average price of $28.50. First Trust China AlphaDEX Fund has a 52-week low of $22.39 and a 52-week high of $31.90.

Further Reading: Trading Halts Explained

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