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 drop in short interest during the month of December. As of December 15th, there was short interest totalling 2,800 shares, a drop of 57.6% from the November 30th total of 6,600 shares. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FKU. Benjamin Edwards Inc. purchased a new position in shares of First Trust United Kingdom AlphaDEX Fund during the third quarter valued at about $2,394,000. Rathbones Group PLC grew its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 18.1% during the 2nd quarter. Rathbones Group PLC now owns 44,590 shares of the company’s stock worth $1,700,000 after acquiring an additional 6,823 shares during the period. Finally, Quantinno Capital Management LP raised its position in shares of First Trust United Kingdom AlphaDEX Fund by 15.5% in the 3rd quarter. Quantinno Capital Management LP now owns 10,995 shares of the company’s stock worth $460,000 after acquiring an additional 1,477 shares in the last quarter.

First Trust United Kingdom AlphaDEX Fund Stock Down 1.2 %

Shares of FKU traded down $0.45 during mid-day trading on Friday, hitting $38.06. 3,013 shares of the company’s stock traded hands, compared to its average volume of 11,792. The firm has a market capitalization of $72.31 million, a P/E ratio of 12.45 and a beta of 1.18. The business’s 50-day moving average price is $39.61 and its 200-day moving average price is $39.76. First Trust United Kingdom AlphaDEX Fund has a 1 year low of $34.14 and a 1 year high of $42.54.

First Trust United Kingdom AlphaDEX Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.6439 per share. The ex-dividend date of this dividend is Friday, December 13th.

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.