First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Short Interest Down 9.0% in July

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 7,100 shares, a drop of 9.0% from the July 15th total of 7,800 shares. Based on an average daily trading volume, of 8,700 shares, the days-to-cover ratio is presently 0.8 days.

First Trust United Kingdom AlphaDEX Fund Stock Performance

Shares of FKU stock traded down $0.15 during mid-day trading on Tuesday, reaching $40.10. 5,308 shares of the company’s stock traded hands, compared to its average volume of 13,177. The firm has a market capitalization of $68.17 million, a PE ratio of 12.45 and a beta of 1.18. First Trust United Kingdom AlphaDEX Fund has a 12 month low of $30.01 and a 12 month high of $40.26. The firm has a 50 day moving average price of $38.91 and a two-hundred day moving average price of $37.77.

First Trust United Kingdom AlphaDEX Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.4464 per share. This represents a $1.79 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust United Kingdom AlphaDEX Fund stock. Rathbones Group PLC boosted its position in shares of First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) by 18.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,590 shares of the company’s stock after acquiring an additional 6,823 shares during the period. Rathbones Group PLC owned 2.62% of First Trust United Kingdom AlphaDEX Fund worth $1,700,000 at the end of the most recent 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.