Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Declines By 44.7%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 481 shares, a drop of 44.7% from the June 15th total of 870 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 2,405 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of First Trust United Kingdom AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC raised its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 82.5% during the fourth quarter. Jane Street Group LLC now owns 20,026 shares of the company’s stock valued at $1,020,000 after purchasing an additional 9,054 shares during the last quarter. StoneX Group Inc. boosted its holdings in First Trust United Kingdom AlphaDEX Fund by 12.5% in the fourth 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. Advisory Services Network LLC purchased a new stake in First Trust United Kingdom AlphaDEX Fund in the third quarter worth approximately $62,000. Susquehanna International Group LLP grew its position in First Trust United Kingdom AlphaDEX Fund by 16.0% in 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 period. Finally, Raymond James Financial Inc. grew its position 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 worth $709,000 after purchasing an additional 1,522 shares during the period.

First Trust United Kingdom AlphaDEX Fund Price Performance

FKU stock opened at $53.48 on Wednesday. The stock has a market capitalization of $37.44 million, a P/E ratio of 11.78 and a beta of 0.86. First Trust United Kingdom AlphaDEX Fund has a 1-year low of $45.51 and a 1-year high of $56.74. The business has a fifty day moving average price of $53.45 and a 200-day moving average price of $53.03.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $1.0965 per share. The ex-dividend date was Thursday, June 25th. This represents a $4.39 annualized dividend and a yield of 8.2%. This is an increase from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16.

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.