First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Sees Significant Increase in Short Interest

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 3,500 shares, an increase of 20.7% from the February 13th total of 2,900 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 10,100 shares, the days-to-cover ratio is currently 0.3 days.

First Trust United Kingdom AlphaDEX Fund Trading Up 0.3 %

NASDAQ:FKU traded up $0.14 on Wednesday, hitting $41.14. 2,482 shares of the company’s stock traded hands, compared to its average volume of 8,179. First Trust United Kingdom AlphaDEX Fund has a 1 year low of $35.33 and a 1 year high of $42.54. The firm has a 50-day moving average price of $39.54 and a 200-day moving average price of $39.83. The company has a market cap of $65.82 million, a PE ratio of 13.35 and a beta of 1.18.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

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

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.