First Trust China AlphaDEX Fund (NASDAQ:FCA) Short Interest Down 63.9% in January

First Trust China AlphaDEX Fund (NASDAQ:FCA) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 24,889 shares, a decline of 63.9% from the January 15th total of 68,866 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 22,954 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 22,954 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.0% of the shares of the stock are short sold.

First Trust China AlphaDEX Fund Stock Up 0.5%

Shares of First Trust China AlphaDEX Fund stock opened at $33.24 on Wednesday. First Trust China AlphaDEX Fund has a 12-month low of $17.34 and a 12-month high of $33.30. The company has a market capitalization of $81.44 million, a price-to-earnings ratio of 9.26 and a beta of 0.43. The firm’s 50-day moving average price is $30.12 and its two-hundred day moving average price is $28.90.

First Trust China AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.1285 per share. The ex-dividend date was Friday, December 12th. This represents a $0.51 annualized dividend and a dividend yield of 1.5%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FCA. Genesee Capital Advisors LLC acquired a new position in First Trust China AlphaDEX Fund during the 4th quarter worth approximately $610,000. Advisory Services Network LLC bought a new stake in shares of First Trust China AlphaDEX Fund during the third quarter worth $69,000. Citadel Advisors LLC acquired a new position in shares of First Trust China AlphaDEX Fund during the third quarter worth $1,314,000. Raymond James Financial Inc. increased its holdings in shares of First Trust China AlphaDEX Fund by 12.7% during the third quarter. Raymond James Financial Inc. now owns 31,601 shares of the company’s stock worth $915,000 after buying an additional 3,557 shares in the last quarter. Finally, GeoWealth Management LLC bought a new position in shares of First Trust China AlphaDEX Fund in the 3rd quarter valued at $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.