Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Decreases By 80.1%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 5,581 shares, a drop of 80.1% from the December 15th total of 28,021 shares. Based on an average daily volume of 10,633 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 10,633 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of First Trust United Kingdom AlphaDEX Fund

A number of hedge funds have recently modified their holdings of FKU. NewEdge Advisors LLC bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 2nd quarter worth about $34,000. Advisory Services Network LLC bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the third quarter worth approximately $62,000. Walkner Condon Financial Advisors LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund in the second quarter valued at approximately $220,000. StoneX Group Inc. acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund in the second quarter valued at approximately $222,000. Finally, Susquehanna International Group LLP increased its stake in shares of First Trust United Kingdom AlphaDEX Fund by 16.0% during the third quarter. Susquehanna International Group LLP now owns 9,426 shares of the company’s stock worth $457,000 after purchasing an additional 1,302 shares during the period.

First Trust United Kingdom AlphaDEX Fund Trading Up 0.4%

NASDAQ:FKU traded up $0.22 on Thursday, hitting $52.25. The company’s stock had a trading volume of 1,840 shares, compared to its average volume of 1,868. First Trust United Kingdom AlphaDEX Fund has a one year low of $35.98 and a one year high of $52.47. The firm has a market capitalization of $88.83 million, a P/E ratio of 11.78 and a beta of 0.97. The stock has a fifty day moving average of $49.28 and a two-hundred day moving average of $48.08.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

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

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.