First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Short Interest Up 62.5% in May

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 829 shares, a growth of 62.5% from the May 14th total of 510 shares. Based on an average daily volume of 7,230 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust United Kingdom AlphaDEX Fund Price Performance

Shares of First Trust United Kingdom AlphaDEX Fund stock opened at $54.76 on Wednesday. First Trust United Kingdom AlphaDEX Fund has a 1 year low of $45.51 and a 1 year high of $56.74. The company has a market capitalization of $41.07 million, a P/E ratio of 11.78 and a beta of 0.86. The business has a 50 day moving average price of $53.39 and a 200 day moving average price of $52.43.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1569 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FKU. NewEdge Advisors LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund during the 2nd quarter worth approximately $34,000. Advisory Services Network LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund during the 3rd quarter worth approximately $62,000. Dunhill Financial LLC raised its position in shares of First Trust United Kingdom AlphaDEX Fund by 220.1% during the 4th quarter. Dunhill Financial LLC now owns 3,089 shares of the company’s stock worth $169,000 after purchasing an additional 2,124 shares during the last quarter. StoneX Group Inc. raised its position in shares of First Trust United Kingdom AlphaDEX Fund by 12.5% during the 4th quarter. StoneX Group Inc. now owns 5,331 shares of the company’s stock worth $271,000 after purchasing an additional 591 shares during the last quarter. Finally, Susquehanna International Group LLP raised its position in shares of First Trust United Kingdom AlphaDEX Fund by 16.0% during the 3rd 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 last quarter.

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.