Short Interest in First Trust China AlphaDEX Fund (NASDAQ:FCA) Declines By 99.5%

First Trust China AlphaDEX Fund (NASDAQ:FCA) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 100 shares, a decline of 99.5% from the October 31st total of 18,200 shares. Based on an average daily volume of 10,600 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust China AlphaDEX Fund

A hedge fund recently bought a new stake in First Trust China AlphaDEX Fund stock. Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust China AlphaDEX Fund (NASDAQ:FCA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,120 shares of the company’s stock, valued at approximately $276,000. Integrated Wealth Concepts LLC owned 2.92% of First Trust China AlphaDEX Fund as of its most recent SEC filing.

First Trust China AlphaDEX Fund Stock Up 2.2 %

Shares of First Trust China AlphaDEX Fund stock traded up $0.42 during trading hours on Wednesday, reaching $19.64. 777 shares of the stock traded hands, compared to its average volume of 5,827. The company has a 50 day moving average price of $20.34 and a 200 day moving average price of $19.87. The firm has a market capitalization of $8.84 million, a price-to-earnings ratio of 4.20 and a beta of 0.57. First Trust China AlphaDEX Fund has a one year low of $16.82 and a one year high of $24.12.

First Trust China AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.5414 per share. This is an increase from First Trust China AlphaDEX Fund’s previous quarterly dividend of $0.37. This represents a $2.17 dividend on an annualized basis and a dividend yield of 11.03%. The ex-dividend date was Thursday, September 26th.

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.