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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a significant 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. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,671 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of First Trust United Kingdom AlphaDEX Fund

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

First Trust United Kingdom AlphaDEX Fund Stock Up 0.6%

Shares of FKU stock traded up $0.34 during trading hours on Tuesday, reaching $54.92. 1,152 shares of the stock traded hands, compared to its average volume of 22,017. First Trust United Kingdom AlphaDEX Fund has a 1-year low of $45.52 and a 1-year high of $56.74. The business has a fifty day moving average price of $53.60 and a 200 day moving average price of $53.21. The firm has a market capitalization of $38.44 million, a PE ratio of 11.78 and a beta of 0.86.

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 8.0%. This is an increase from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16.

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.