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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 2,610 shares, a growth of 90.0% from the July 30th total of 1,374 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 2,880 shares, the days-to-cover ratio is currently 0.9 days.

First Trust United Kingdom AlphaDEX Fund Trading Down 0.3%

Shares of FKU stock traded down $0.20 during trading hours on Friday, hitting $56.97. 505 shares of the company’s stock were exchanged, compared to its average volume of 19,253. First Trust United Kingdom AlphaDEX Fund has a 12-month low of $45.82 and a 12-month high of $57.88. The business’s 50 day simple moving average is $54.94 and its 200-day simple moving average is $53.75. The company has a market capitalization of $39.88 million, a PE ratio of 11.78 and a beta of 0.86.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $1.0965 per share. This represents a $4.39 annualized dividend and a yield of 7.7%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. &PARTNERS purchased a new position in First Trust United Kingdom AlphaDEX Fund during the 4th quarter valued at $3,081,000. First Trust Advisors LP lifted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 7.2% during the fourth quarter. First Trust Advisors LP now owns 754,114 shares of the company’s stock valued at $38,391,000 after purchasing an additional 50,741 shares during the last quarter. Jane Street Group LLC boosted its position in shares of First Trust United Kingdom AlphaDEX Fund by 82.5% in the 4th quarter. Jane Street Group LLC now owns 20,026 shares of the company’s stock worth $1,020,000 after purchasing an additional 9,054 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 3rd quarter worth approximately $5,748,000. Finally, Raymond James Financial Inc. increased its position in First Trust United Kingdom AlphaDEX Fund by 11.6% during the 3rd quarter. Raymond James Financial Inc. now owns 14,634 shares of the company’s stock valued at $709,000 after buying an additional 1,522 shares in the last quarter.

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.