Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Drops By 82.2%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 38,564 shares, a drop of 82.2% from the February 12th total of 217,188 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average daily volume of 17,393 shares, the days-to-cover ratio is presently 2.2 days. Based on an average daily volume of 17,393 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.2% of the shares of the company are short sold.

First Trust United Kingdom AlphaDEX Fund Trading Up 0.1%

Shares of First Trust United Kingdom AlphaDEX Fund stock traded up $0.06 on Tuesday, hitting $52.20. The stock had a trading volume of 1,124 shares, compared to its average volume of 18,733. First Trust United Kingdom AlphaDEX Fund has a 52-week low of $35.98 and a 52-week high of $56.74. The stock has a market cap of $91.34 million, a price-to-earnings ratio of 11.78 and a beta of 0.97. The company’s 50 day moving average price is $53.65 and its 200 day moving average price is $50.14.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The company also recently declared 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 annualized dividend 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.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Several large investors have recently modified their holdings of the company. Cottonwood Capital Advisors LLC increased its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 2.7% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 10,630 shares of the company’s stock valued at $541,000 after acquiring an additional 278 shares during the period. StoneX Group Inc. raised 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 purchasing an additional 591 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in First Trust United Kingdom AlphaDEX Fund during the 2nd quarter worth $34,000. Walkner Condon Financial Advisors LLC boosted its stake in First Trust United Kingdom AlphaDEX Fund by 19.1% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 5,602 shares of the company’s stock worth $272,000 after purchasing an additional 900 shares during the period. Finally, Advisory Services Network LLC purchased a new position in First Trust United Kingdom AlphaDEX Fund during the 3rd quarter worth $62,000.

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.