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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 18,432 shares, a decrease of 52.2% from the February 26th total of 38,564 shares. Based on an average daily volume of 13,830 shares, the short-interest ratio is presently 1.3 days. Currently, 1.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FKU. NewEdge Advisors LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 2nd quarter valued at $34,000. Advisory Services Network LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 3rd quarter worth about $62,000. Dunhill Financial LLC increased its position in shares of First Trust United Kingdom AlphaDEX Fund by 220.1% during the 4th quarter. Dunhill Financial LLC now owns 3,089 shares of the company’s stock worth $169,000 after purchasing an additional 2,124 shares in the last quarter. StoneX Group Inc. bought a new position in First Trust United Kingdom AlphaDEX Fund during the 2nd quarter valued at about $222,000. Finally, Walkner Condon Financial Advisors LLC boosted its position in First Trust United Kingdom AlphaDEX Fund by 19.1% in the third quarter. Walkner Condon Financial Advisors LLC now owns 5,602 shares of the company’s stock valued at $272,000 after buying an additional 900 shares in the last quarter.

First Trust United Kingdom AlphaDEX Fund Price Performance

Shares of FKU traded down $0.27 during mid-day trading on Friday, reaching $48.73. The company had a trading volume of 24,664 shares, compared to its average volume of 17,255. The company has a market capitalization of $85.28 million, a P/E ratio of 11.78 and a beta of 0.97. First Trust United Kingdom AlphaDEX Fund has a twelve month low of $35.98 and a twelve month high of $56.74. The company’s 50-day moving average is $53.36 and its 200-day moving average is $50.36.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be given a $0.1569 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, March 26th.

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.