Short Interest in First Trust China AlphaDEX Fund (NASDAQ:FCA) Grows By 214.3%

First Trust China AlphaDEX Fund (NASDAQ:FCA) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 2,200 shares, an increase of 214.3% from the January 31st total of 700 shares. Based on an average daily trading volume, of 43,600 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCA. First Trust Advisors LP bought a new position in First Trust China AlphaDEX Fund during the fourth quarter valued at approximately $36,268,000. Benjamin Edwards Inc. bought a new position in First Trust China AlphaDEX Fund during the fourth quarter valued at approximately $1,960,000. Citadel Advisors LLC bought a new position in First Trust China AlphaDEX Fund during the fourth quarter valued at approximately $1,265,000. Raymond James Financial Inc. bought a new position in First Trust China AlphaDEX Fund during the fourth quarter valued at approximately $688,000. Finally, Avestar Capital LLC bought a new position in First Trust China AlphaDEX Fund during the fourth quarter valued at approximately $308,000.

First Trust China AlphaDEX Fund Stock Performance

Shares of NASDAQ:FCA traded down $0.56 during trading on Friday, reaching $20.73. 855 shares of the stock traded hands, compared to its average volume of 17,112. The stock has a 50-day moving average of $20.18 and a two-hundred day moving average of $19.89. First Trust China AlphaDEX Fund has a 52-week low of $17.17 and a 52-week high of $24.12. The stock has a market cap of $46.64 million, a P/E ratio of 4.20 and a beta of 0.57.

First Trust China AlphaDEX Fund Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.022 per share. The ex-dividend date of this dividend was Friday, December 13th.

First Trust China AlphaDEX Fund Company Profile

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.