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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,700 shares, an increase of 34.3% from the February 28th total of 3,500 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 9,500 shares, the short-interest ratio is presently 0.5 days.

First Trust United Kingdom AlphaDEX Fund Stock Performance

Shares of First Trust United Kingdom AlphaDEX Fund stock traded up $0.09 during trading on Tuesday, reaching $40.12. 1,771 shares of the company’s stock were exchanged, compared to its average volume of 9,149. The firm’s 50-day moving average price is $40.15 and its 200 day moving average price is $39.85. The company has a market cap of $64.18 million, a P/E ratio of 13.57 and a beta of 1.18. First Trust United Kingdom AlphaDEX Fund has a 1-year low of $35.33 and a 1-year high of $42.54.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.1648 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.64%.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FKU. Quantinno Capital Management LP boosted its position in First Trust United Kingdom AlphaDEX Fund by 9.6% in the fourth quarter. Quantinno Capital Management LP now owns 12,050 shares of the company’s stock valued at $459,000 after buying an additional 1,055 shares in the last quarter. Jane Street Group LLC bought a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter valued at $582,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 4th quarter valued at $601,000. Citadel Advisors LLC bought a new stake in First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth $2,033,000. Finally, Rathbones Group PLC grew its position in First Trust United Kingdom AlphaDEX Fund by 2.8% during the 4th quarter. Rathbones Group PLC now owns 59,264 shares of the company’s stock worth $2,257,000 after acquiring an additional 1,622 shares during the last quarter.

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.