First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Short Interest Up 223.3% in July

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,555 shares, an increase of 223.3% from the June 30th total of 481 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,671 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 2nd quarter worth approximately $34,000. Advisory Services Network LLC bought a new position in First Trust United Kingdom AlphaDEX Fund in the third quarter worth $62,000. Dunhill Financial LLC increased its holdings 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 period. StoneX Group Inc. increased its holdings 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 period. Finally, Susquehanna International Group LLP raised its stake in shares of 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 in the last quarter.

First Trust United Kingdom AlphaDEX Fund Stock Performance

Shares of FKU traded up $0.30 during mid-day trading on Monday, hitting $54.42. The company’s stock had a trading volume of 716 shares, compared to its average volume of 22,165. The stock’s 50-day moving average is $53.57 and its two-hundred day moving average is $53.20. The firm has a market capitalization of $38.09 million, a PE ratio of 11.78 and a beta of 0.86. First Trust United Kingdom AlphaDEX Fund has a one year low of $45.52 and a one year high of $56.74.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

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

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.