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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 481 shares, a decrease of 44.7% from the June 15th total of 870 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,405 shares, the short-interest ratio is presently 0.2 days.

First Trust United Kingdom AlphaDEX Fund Stock Performance

First Trust United Kingdom AlphaDEX Fund stock traded up $0.27 during midday trading on Thursday, hitting $54.47. 356 shares of the company’s stock were exchanged, compared to its average volume of 23,268. The stock has a market cap of $38.13 million, a price-to-earnings ratio of 11.78 and a beta of 0.86. First Trust United Kingdom AlphaDEX Fund has a 12-month low of $45.52 and a 12-month high of $56.74. The firm’s 50 day simple moving average is $53.45 and its 200 day simple moving average is $53.05.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $1.0965 per share. This is an increase from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16. This represents a $4.39 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust United Kingdom AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC purchased a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 2nd quarter valued at approximately $34,000. Advisory Services Network LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the third quarter worth $62,000. Dunhill Financial LLC grew its position in First Trust United Kingdom AlphaDEX Fund by 220.1% in the 4th quarter. Dunhill Financial LLC now owns 3,089 shares of the company’s stock valued at $169,000 after buying an additional 2,124 shares during the last quarter. StoneX Group Inc. grew its position in First Trust United Kingdom AlphaDEX Fund by 12.5% in the 4th quarter. StoneX Group Inc. now owns 5,331 shares of the company’s stock valued at $271,000 after buying an additional 591 shares during the last quarter. Finally, Susquehanna International Group LLP increased its stake in First Trust United Kingdom AlphaDEX Fund by 16.0% in the 3rd quarter. Susquehanna International Group LLP now owns 9,426 shares of the company’s stock valued at $457,000 after buying an additional 1,302 shares during the period.

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.