Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Declines By 44.7%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 481 shares, a decline of 44.7% from the June 15th total of 870 shares. Based on an average daily trading volume, of 2,405 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of First Trust United Kingdom AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 2nd quarter worth approximately $34,000. Advisory Services Network LLC purchased a new position in First Trust United Kingdom AlphaDEX Fund in the third quarter worth about $62,000. Dunhill Financial LLC lifted its stake in shares of First Trust United Kingdom AlphaDEX Fund by 220.1% in the fourth quarter. Dunhill Financial LLC now owns 3,089 shares of the company’s stock worth $169,000 after buying an additional 2,124 shares in the last quarter. StoneX Group Inc. grew its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 12.5% during the fourth quarter. StoneX Group Inc. now owns 5,331 shares of the company’s stock valued at $271,000 after buying an additional 591 shares during the last quarter. Finally, Susquehanna International Group LLP grew its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 16.0% during the third quarter. Susquehanna International Group LLP now owns 9,426 shares of the company’s stock valued at $457,000 after buying an additional 1,302 shares during the last quarter.

First Trust United Kingdom AlphaDEX Fund Price Performance

Shares of First Trust United Kingdom AlphaDEX Fund stock opened at $53.48 on Wednesday. First Trust United Kingdom AlphaDEX Fund has a 1 year low of $45.51 and a 1 year high of $56.74. The firm has a market cap of $37.44 million, a price-to-earnings ratio of 11.78 and a beta of 0.86. The company has a 50-day moving average of $53.45 and a 200 day moving average of $53.03.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $1.0965 per share. This is a positive change from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16. This represents a $4.39 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend was Thursday, June 25th.

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.