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

by · The Cerbat Gem

First Trust China AlphaDEX Fund (NASDAQ:FCA – Get Free Report) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 11,815 shares, a decline of 74.2% from the March 15th total of 45,734 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 34,214 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On First Trust China AlphaDEX Fund

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in First Trust China AlphaDEX Fund during the third quarter valued at $69,000. Kestra Advisory Services LLC bought a new stake in First Trust China AlphaDEX Fund during the fourth quarter valued at $153,000. StoneX Group Inc. bought a new stake in First Trust China AlphaDEX Fund during the second quarter valued at $204,000. GeoWealth Management LLC bought a new stake in First Trust China AlphaDEX Fund during the third quarter valued at $587,000. Finally, Avestar Capital LLC boosted its stake in First Trust China AlphaDEX Fund by 33.1% during the third quarter. Avestar Capital LLC now owns 20,440 shares of the company’s stock valued at $592,000 after buying an additional 5,084 shares during the period.

First Trust China AlphaDEX Fund Trading Down 1.2%

Shares of NASDAQ FCA traded down $0.39 during mid-day trading on Friday, hitting $32.63. The company had a trading volume of 20,396 shares, compared to its average volume of 54,594. The company has a market capitalization of $115.84 million, a price-to-earnings ratio of 9.26 and a beta of 0.42. First Trust China AlphaDEX Fund has a 1 year low of $19.40 and a 1 year high of $34.56. The stock’s 50-day moving average price is $32.54 and its 200-day moving average price is $30.40.

First Trust China AlphaDEX Fund Company Profile

(Get Free Report)

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.

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