Short Interest in First Trust China AlphaDEX Fund (NASDAQ:FCA) Decreases By 42.0%

First Trust China AlphaDEX Fund (NASDAQ:FCA) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 7,169 shares, a drop of 42.0% from the May 31st total of 12,351 shares. Based on an average daily volume of 17,562 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

First Trust China AlphaDEX Fund Stock Up 1.0%

Shares of First Trust China AlphaDEX Fund stock traded up $0.28 on Wednesday, hitting $27.55. 12,933 shares of the company were exchanged, compared to its average volume of 64,820. The company has a 50-day moving average price of $31.29 and a 200 day moving average price of $31.43. The stock has a market capitalization of $93.65 million, a price-to-earnings ratio of 9.26 and a beta of 0.40. First Trust China AlphaDEX Fund has a 1-year low of $23.76 and a 1-year high of $34.60.

First Trust China AlphaDEX Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.4019 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.61 dividend on an annualized basis and a yield of 5.8%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FCA. Jane Street Group LLC purchased a new stake in shares of First Trust China AlphaDEX Fund in the first quarter valued at about $3,046,000. StoneX Group Inc. purchased a new position in First Trust China AlphaDEX Fund during the second quarter worth about $204,000. First Trust Advisors LP raised its stake in First Trust China AlphaDEX Fund by 24.0% during the third quarter. First Trust Advisors LP now owns 1,350,552 shares of the company’s stock worth $39,125,000 after purchasing an additional 261,148 shares during the period. GeoWealth Management LLC acquired a new position in First Trust China AlphaDEX Fund in the 3rd quarter valued at about $587,000. Finally, Raymond James Financial Inc. grew its stake in shares of First Trust China AlphaDEX Fund by 12.7% in the 3rd quarter. Raymond James Financial Inc. now owns 31,601 shares of the company’s stock valued at $915,000 after buying an additional 3,557 shares during the period.

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.