First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Sees Large Decrease in Short Interest

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 5,581 shares, a decline of 80.1% from the December 15th total of 28,021 shares. Based on an average daily volume of 10,633 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 10,633 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in FKU. Jane Street Group LLC increased its stake in shares of 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 worth $1,907,000 after purchasing an additional 32,353 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in First Trust United Kingdom AlphaDEX Fund by 11.6% in the 3rd quarter. Raymond James Financial Inc. now owns 14,634 shares of the company’s stock worth $709,000 after buying an additional 1,522 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in 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 buying an additional 1,302 shares during the last quarter. Advisory Services Network LLC purchased a new stake in First Trust United Kingdom AlphaDEX Fund during the 3rd quarter worth approximately $62,000. Finally, NewEdge Advisors LLC purchased a new stake in First Trust United Kingdom AlphaDEX Fund during the 2nd quarter worth approximately $34,000.

First Trust United Kingdom AlphaDEX Fund Price Performance

FKU stock traded up $0.19 during mid-day trading on Tuesday, reaching $51.85. 617 shares of the company’s stock were exchanged, compared to its average volume of 2,117. First Trust United Kingdom AlphaDEX Fund has a 12-month low of $35.98 and a 12-month high of $52.31. The stock’s 50 day moving average is $49.09 and its 200 day moving average is $48.01. The company has a market cap of $88.15 million, a price-to-earnings ratio of 11.78 and a beta of 0.97.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.4568 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.83 dividend on an annualized basis and a yield of 3.5%. This is an increase from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.32.

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.