Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Decreases By 84.1%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 887 shares, a drop of 84.1% from the December 31st total of 5,581 shares. Based on an average daily volume of 1,925 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,925 shares, the short-interest ratio is currently 0.5 days.

First Trust United Kingdom AlphaDEX Fund Price Performance

NASDAQ FKU traded up $0.65 during trading on Tuesday, reaching $54.86. 1,225 shares of the company’s stock were exchanged, compared to its average volume of 1,737. The business has a 50 day moving average price of $50.26 and a 200-day moving average price of $48.50. The stock has a market capitalization of $93.26 million, a P/E ratio of 11.78 and a beta of 0.97. First Trust United Kingdom AlphaDEX Fund has a fifty-two week low of $35.98 and a fifty-two week high of $54.85.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.4568 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, December 12th. This is a boost from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.32.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in FKU. First Trust Advisors LP increased its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 24.0% in the third quarter. First Trust Advisors LP now owns 703,373 shares of the company’s stock valued at $34,091,000 after purchasing an additional 136,017 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 3rd quarter worth about $5,748,000. Rathbones Group PLC grew its stake in First Trust United Kingdom AlphaDEX Fund by 8.6% in the 2nd quarter. Rathbones Group PLC now owns 62,683 shares of the company’s stock valued at $2,939,000 after buying an additional 4,953 shares during the last quarter. Jane Street Group LLC grew its stake in First Trust United Kingdom AlphaDEX Fund by 8.1% in the 2nd quarter. Jane Street Group LLC now owns 51,499 shares of the company’s stock valued at $2,415,000 after buying an additional 3,858 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in First Trust United Kingdom AlphaDEX Fund by 11.6% in the 3rd quarter. Raymond James Financial Inc. now owns 14,634 shares of the company’s stock valued at $709,000 after acquiring an additional 1,522 shares during the period.

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.