First Trust China AlphaDEX Fund (NASDAQ:FCA) Stock Short Interest Climbs 3,432.6%

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

First Trust China AlphaDEX Fund Stock Down 3.7%

First Trust China AlphaDEX Fund stock traded down $1.00 during mid-day trading on Thursday, hitting $25.86. The company’s stock had a trading volume of 7,968 shares, compared to its average volume of 46,715. First Trust China AlphaDEX Fund has a twelve month low of $25.61 and a twelve month high of $34.60. The stock’s fifty day moving average price is $27.27 and its two-hundred day moving average price is $29.71. The stock has a market capitalization of $29.74 million, a P/E ratio of 9.26 and a beta of 0.42.

First Trust China AlphaDEX Fund Increases Dividend

The business also recently announced 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 is a positive change from First Trust China AlphaDEX Fund’s previous quarterly dividend of $0.4019. This represents a $3.57 annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend is Thursday, September 24th.

Institutional Trading of First Trust China AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FCA. First Trust Advisors LP increased its position in shares of 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 worth $63,884,000 after acquiring an additional 699,253 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in First Trust China AlphaDEX Fund by 25.9% in the 1st quarter. Kestra Advisory Services LLC now owns 6,809 shares of the company’s stock worth $213,000 after purchasing an additional 1,400 shares during the period. Citadel Advisors LLC grew its position in First Trust China AlphaDEX Fund by 1,196.2% during the 2nd quarter. Citadel Advisors LLC now owns 89,362 shares of the company’s stock worth $2,436,000 after purchasing an additional 82,468 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in First Trust China AlphaDEX Fund during the 2nd quarter worth approximately $194,000. Finally, Compass Financial Management LLC acquired a new stake in First Trust China AlphaDEX Fund during the 2nd quarter valued at $40,000.

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.