First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Sees Significant Increase in Short Interest

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a significant 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 company are short sold. Based on an average daily trading volume, of 2,880 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new position in First Trust United Kingdom AlphaDEX Fund in the 2nd quarter worth approximately $34,000. Advisory Services Network LLC bought a new position in shares of First Trust United Kingdom AlphaDEX Fund in the third quarter worth $62,000. StoneX Group Inc. raised its stake in shares of First Trust United Kingdom AlphaDEX Fund by 12.5% during the fourth quarter. StoneX Group Inc. now owns 5,331 shares of the company’s stock valued at $271,000 after purchasing an additional 591 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in First Trust United Kingdom AlphaDEX Fund by 16.0% in the third 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 during the period. Finally, Cottonwood Capital Advisors LLC lifted its holdings in First Trust United Kingdom AlphaDEX Fund by 10.9% in the first quarter. Cottonwood Capital Advisors LLC now owns 11,788 shares of the company’s stock worth $594,000 after purchasing an additional 1,158 shares during the period.

First Trust United Kingdom AlphaDEX Fund Price Performance

Shares of FKU stock traded down $0.04 during trading hours on Monday, reaching $56.94. The stock had a trading volume of 505 shares, compared to its average volume of 19,253. First Trust United Kingdom AlphaDEX Fund has a twelve month low of $45.82 and a twelve month high of $57.88. The firm has a 50-day simple moving average of $54.94 and a 200-day simple moving average of $53.74. The firm has a market capitalization of $39.85 million, a PE ratio of 11.78 and a beta of 0.86.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

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

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.