First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Short Interest Update

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,555 shares, an increase of 223.3% from the June 30th total of 481 shares. Based on an average daily volume of 1,671 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in First Trust United Kingdom AlphaDEX Fund by 52.5% during the first quarter. First Trust Advisors LP now owns 1,149,823 shares of the company’s stock worth $57,907,000 after buying an additional 395,709 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of First Trust United Kingdom AlphaDEX Fund in the third 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 worth approximately $3,081,000. Jane Street Group LLC boosted its holdings 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 worth $1,907,000 after acquiring an additional 32,353 shares in the last quarter. Finally, Genesee Capital Advisors LLC bought a new stake in First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth approximately $659,000.

First Trust United Kingdom AlphaDEX Fund Price Performance

Shares of First Trust United Kingdom AlphaDEX Fund stock traded up $0.70 during midday trading on Friday, hitting $54.14. 932 shares of the company were exchanged, compared to its average volume of 22,318. The firm has a 50 day simple moving average of $53.57 and a 200-day simple moving average of $53.19. The firm has a market cap of $37.90 million, a P/E ratio of 11.78 and a beta of 0.86. First Trust United Kingdom AlphaDEX Fund has a 52 week low of $45.52 and a 52 week high of $56.74.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $1.0965 dividend. The ex-dividend date was Thursday, June 25th. This represents a $4.39 annualized dividend and a dividend yield of 8.1%. This is a boost from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16.

First Trust United Kingdom AlphaDEX Fund Company Profile

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.