First Trust China AlphaDEX Fund (NASDAQ:FCA – Get Rating) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,600 shares, an increase of 33.3% from the February 13th total of 1,200 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of First Trust China AlphaDEX Fund

Several hedge funds have recently modified their holdings of the business. Jane Street Group LLC raised its holdings in First Trust China AlphaDEX Fund by 27.5% during the first quarter. Jane Street Group LLC now owns 49,971 shares of the company's stock worth $1,301,000 after purchasing an additional 10,785 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in First Trust China AlphaDEX Fund by 11.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 36,412 shares of the company's stock worth $948,000 after purchasing an additional 3,686 shares during the last quarter. LPL Financial LLC acquired a new position in First Trust China AlphaDEX Fund during the second quarter worth $662,000. Rockefeller Capital Management L.P. acquired a new position in First Trust China AlphaDEX Fund during the fourth quarter worth $148,000. Finally, Flow Traders U.S. LLC raised its holdings in First Trust China AlphaDEX Fund by 57.9% during the third quarter. Flow Traders U.S. LLC now owns 23,883 shares of the company's stock worth $505,000 after purchasing an additional 8,759 shares during the last quarter.

First Trust China AlphaDEX Fund Stock Down 1.8 %

NASDAQ:FCA traded down $0.40 during mid-day trading on Friday, reaching $21.73. 636 shares of the stock were exchanged, compared to its average volume of 5,611. The company has a 50 day simple moving average of $22.71 and a 200-day simple moving average of $22.34. The stock has a market capitalization of $7.61 million, a P/E ratio of 6.20 and a beta of 0.57. First Trust China AlphaDEX Fund has a 1 year low of $18.13 and a 1 year high of $26.88.

First Trust China AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Tuesday, December 27th were paid a $0.599 dividend. This is an increase from First Trust China AlphaDEX Fund's previous quarterly dividend of $0.36. This represents a $2.40 annualized dividend and a dividend yield of 11.03%. The ex-dividend date of this dividend was Friday, December 23rd.

About First Trust China AlphaDEX Fund

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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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