Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Drops By 52.2%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 18,432 shares, a decrease of 52.2% from the February 26th total of 38,564 shares. Based on an average trading volume of 13,830 shares, the short-interest ratio is currently 1.3 days. Currently, 1.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new stake in First Trust United Kingdom AlphaDEX Fund in the second quarter valued at approximately $34,000. Advisory Services Network LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the third quarter valued at approximately $62,000. Dunhill Financial LLC grew its position in shares of First Trust United Kingdom AlphaDEX Fund by 220.1% during the fourth quarter. Dunhill Financial LLC now owns 3,089 shares of the company’s stock worth $169,000 after acquiring an additional 2,124 shares during the last quarter. StoneX Group Inc. purchased a new position in shares of First Trust United Kingdom AlphaDEX Fund during the second quarter worth approximately $222,000. Finally, Walkner Condon Financial Advisors LLC increased its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 19.1% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 5,602 shares of the company’s stock valued at $272,000 after acquiring an additional 900 shares during the period.

First Trust United Kingdom AlphaDEX Fund Stock Performance

Shares of FKU stock traded down $1.19 during mid-day trading on Thursday, hitting $49.30. 48,976 shares of the stock were exchanged, compared to its average volume of 17,081. The stock’s fifty day simple moving average is $53.42 and its two-hundred day simple moving average is $50.37. First Trust United Kingdom AlphaDEX Fund has a 12-month low of $35.98 and a 12-month high of $56.74. The stock has a market capitalization of $86.27 million, a price-to-earnings ratio of 11.78 and a beta of 0.97.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be given a $0.1569 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.3%.

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.