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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 217,188 shares, an increase of 798.1% from the January 29th total of 24,183 shares. Based on an average trading volume of 52,842 shares, the days-to-cover ratio is presently 4.1 days. Currently, 12.4% of the company’s stock are sold short. Currently, 12.4% of the company’s stock are sold short. Based on an average trading volume of 52,842 shares, the days-to-cover ratio is presently 4.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 2nd quarter valued at about $34,000. Advisory Services Network LLC bought a new stake in First Trust United Kingdom AlphaDEX Fund in the third quarter valued at about $62,000. Dunhill Financial LLC raised its stake in First Trust United Kingdom AlphaDEX Fund by 220.1% during the fourth 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 in the last quarter. Walkner Condon Financial Advisors LLC bought a new position in First Trust United Kingdom AlphaDEX Fund during the 2nd quarter worth approximately $220,000. Finally, StoneX Group Inc. acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 2nd quarter worth approximately $222,000.

First Trust United Kingdom AlphaDEX Fund Trading Down 0.7%

NASDAQ FKU traded down $0.41 during mid-day trading on Friday, reaching $55.93. 3,113 shares of the company’s stock traded hands, compared to its average volume of 18,925. First Trust United Kingdom AlphaDEX Fund has a 1-year low of $35.98 and a 1-year high of $56.74. The company has a fifty day simple moving average of $53.25 and a 200-day simple moving average of $49.78. The company has a market cap of $97.87 million, a price-to-earnings ratio of 11.78 and a beta of 0.97.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.4568 dividend. This is a boost 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 3.3%. The ex-dividend date of this dividend was Friday, December 12th.

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.