Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Expands By 63.6%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKUGet Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,270 shares, an increase of 63.6% from the August 15th total of 2,610 shares. Based on an average daily trading volume, of 1,251 shares, the days-to-cover ratio is currently 3.4 days. Currently, 0.6% of the shares of the company are short sold.

First Trust United Kingdom AlphaDEX Fund Trading Up 0.3%

FKU stock opened at $55.21 on Thursday. The company has a market capitalization of $3.31 million, a P/E ratio of 11.78 and a beta of 0.86. The business has a 50 day simple moving average of $55.61 and a 200-day simple moving average of $53.78. First Trust United Kingdom AlphaDEX Fund has a twelve month low of $45.82 and a twelve month high of $57.88.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $1.0965 per share. The ex-dividend date was Thursday, June 25th. This represents a $4.39 dividend on an annualized basis and a yield of 7.9%. This is an increase from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust United Kingdom AlphaDEX Fund stock. First Trust Advisors LP grew its holdings in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKUFree Report) by 52.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,149,823 shares of the company’s stock after buying an additional 395,709 shares during the period. First Trust Advisors LP owned 153.31% of First Trust United Kingdom AlphaDEX Fund worth $57,907,000 at the end of the most recent reporting period.

About First Trust United Kingdom AlphaDEX Fund

(Get Free Report)

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.

Further Reading

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