Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Expands By 63.6%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKUGet Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,270 shares, an increase of 63.6% from the August 15th total of 2,610 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 1,251 shares, the short-interest ratio is presently 3.4 days.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

An institutional investor recently raised its stake in First Trust United Kingdom AlphaDEX Fund stock. Cottonwood Capital Advisors LLC lifted its holdings in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKUFree Report) by 10.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,788 shares of the company’s stock after buying an additional 1,158 shares during the quarter. Cottonwood Capital Advisors LLC owned 1.31% of First Trust United Kingdom AlphaDEX Fund worth $594,000 as of its most recent SEC filing.

First Trust United Kingdom AlphaDEX Fund Trading Up 0.3%

First Trust United Kingdom AlphaDEX Fund stock opened at $55.21 on Thursday. The stock has a 50 day moving average of $55.61 and a two-hundred day moving average of $53.78. First Trust United Kingdom AlphaDEX Fund has a twelve month low of $45.82 and a twelve month high of $57.88. The stock has a market capitalization of $3.31 million, a price-to-earnings ratio of 11.78 and a beta of 0.86.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $1.0965 per share. This represents a $4.39 annualized dividend and a dividend yield of 7.9%. This is a boost from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, June 25th.

First Trust United Kingdom AlphaDEX Fund Company Profile

(Get Free Report)

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.

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