Short Interest in First Trust China AlphaDEX Fund (NASDAQ:FCA) Drops By 69.2%

by · The Cerbat Gem

First Trust China AlphaDEX Fund (NASDAQ:FCA – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 17,800 shares, a drop of 69.2% from the September 30th total of 57,700 shares. Based on an average daily trading volume, of 8,000 shares, the days-to-cover ratio is presently 2.2 days.

First Trust China AlphaDEX Fund Stock Performance

Shares of FCA stock traded down $0.15 during mid-day trading on Friday, reaching $20.59. The company’s stock had a trading volume of 1,892 shares, compared to its average volume of 5,497. The company has a market cap of $9.27 million, a P/E ratio of 4.20 and a beta of 0.57. The firm’s 50-day moving average is $19.53 and its two-hundred day moving average is $19.80. First Trust China AlphaDEX Fund has a 1-year low of $16.82 and a 1-year high of $24.12.

First Trust China AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.5414 dividend. This is a positive change from First Trust China AlphaDEX Fund’s previous quarterly dividend of $0.37. The ex-dividend date was Thursday, September 26th. This represents a $2.17 annualized dividend and a dividend yield of 10.52%.

About First Trust China AlphaDEX Fund

(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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