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

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

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP increased its holdings 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 during the period. Citadel Advisors LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the third quarter worth approximately $5,748,000. &PARTNERS purchased a new position in First Trust United Kingdom AlphaDEX Fund during the fourth quarter valued at approximately $3,081,000. Jane Street Group LLC grew its position in First Trust United Kingdom AlphaDEX Fund by 211.6% during the first 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 First Trust United Kingdom AlphaDEX Fund in the 4th quarter valued at approximately $659,000.

First Trust United Kingdom AlphaDEX Fund Stock Down 0.0%

Shares of First Trust United Kingdom AlphaDEX Fund stock traded down $0.01 during midday trading on Friday, hitting $54.23. The company’s stock had a trading volume of 371 shares, compared to its average volume of 23,098. First Trust United Kingdom AlphaDEX Fund has a 1-year low of $45.52 and a 1-year high of $56.74. The firm has a market capitalization of $37.96 million, a P/E ratio of 11.78 and a beta of 0.86. The stock has a 50-day simple moving average of $53.47 and a 200-day simple moving average of $53.08.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $1.0965 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $4.39 annualized dividend and a yield of 8.1%. This is an increase 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.