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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 38,564 shares, a drop of 82.2% from the February 12th total of 217,188 shares. Based on an average daily trading volume, of 17,393 shares, the short-interest ratio is currently 2.2 days. Approximately 2.2% of the company’s stock are sold short. Approximately 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 17,393 shares, the short-interest ratio is currently 2.2 days.

First Trust United Kingdom AlphaDEX Fund Stock Performance

Shares of NASDAQ:FKU traded up $0.06 on Tuesday, hitting $52.20. 1,124 shares of the company’s stock were exchanged, compared to its average volume of 18,733. The firm’s 50-day moving average is $53.65 and its 200 day moving average is $50.14. The company has a market capitalization of $91.34 million, a PE ratio of 11.78 and a beta of 0.97. First Trust United Kingdom AlphaDEX Fund has a 1-year low of $35.98 and a 1-year high of $56.74.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

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

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in the stock. &PARTNERS purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth approximately $3,081,000. First Trust Advisors LP grew its position in shares of First Trust United Kingdom AlphaDEX Fund by 7.2% in the 4th quarter. First Trust Advisors LP now owns 754,114 shares of the company’s stock valued at $38,391,000 after buying an additional 50,741 shares during the last quarter. Jane Street Group LLC raised its stake in First Trust United Kingdom AlphaDEX Fund by 82.5% during the 4th quarter. Jane Street Group LLC now owns 20,026 shares of the company’s stock worth $1,020,000 after acquiring an additional 9,054 shares in the last quarter. StoneX Group Inc. lifted its position in First Trust United Kingdom AlphaDEX Fund by 12.5% in the fourth quarter. StoneX Group Inc. now owns 5,331 shares of the company’s stock valued at $271,000 after acquiring an additional 591 shares during the last quarter. Finally, Dunhill Financial LLC lifted its position in First Trust United Kingdom AlphaDEX Fund by 220.1% in the fourth quarter. Dunhill Financial LLC now owns 3,089 shares of the company’s stock valued at $169,000 after acquiring an additional 2,124 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.