First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Sees Significant Growth in Short Interest

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 829 shares, a growth of 62.5% from the May 14th total of 510 shares. Based on an average daily volume of 7,230 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in shares of First Trust United Kingdom AlphaDEX Fund by 52.5% in the 1st quarter. First Trust Advisors LP now owns 1,149,823 shares of the company’s stock valued at $57,907,000 after purchasing an additional 395,709 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 3rd quarter valued at approximately $5,748,000. &PARTNERS acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter valued at approximately $3,081,000. Jane Street Group LLC raised its position in shares of First Trust United Kingdom AlphaDEX Fund by 211.6% in the 1st quarter. Jane Street Group LLC now owns 47,641 shares of the company’s stock valued at $1,907,000 after purchasing an additional 32,353 shares in the last quarter. Finally, Genesee Capital Advisors LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter valued at approximately $659,000.

First Trust United Kingdom AlphaDEX Fund Price Performance

Shares of FKU stock opened at $54.15 on Thursday. The firm has a market cap of $40.61 million, a P/E ratio of 11.78 and a beta of 0.86. First Trust United Kingdom AlphaDEX Fund has a 1-year low of $45.51 and a 1-year high of $56.74. The firm’s 50-day simple moving average is $53.45 and its 200-day simple moving average is $52.47.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.1569 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.63 dividend on an annualized basis and a yield of 1.2%.

About First Trust United Kingdom AlphaDEX Fund

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that is based on the NASDAQ AlphaDEX United Kingdom index. The fund tracks a tiered equal-weighted index of 75 companies selected based on NASDAQs AlphaDEX selection methodology. FKU was launched on Feb 14, 2012 and is managed by First Trust.