First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Short Interest Update

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 2,610 shares, a growth of 90.0% from the July 30th total of 1,374 shares. Based on an average trading volume of 2,880 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the company’s stock are short sold.

First Trust United Kingdom AlphaDEX Fund Stock Down 0.3%

Shares of NASDAQ:FKU traded down $0.20 on Friday, hitting $56.97. 505 shares of the company traded hands, compared to its average volume of 19,253. The company has a market cap of $39.88 million, a PE ratio of 11.78 and a beta of 0.86. The stock has a 50 day simple moving average of $54.94 and a 200-day simple moving average of $53.75. First Trust United Kingdom AlphaDEX Fund has a 52 week low of $45.82 and a 52 week high of $57.88.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $1.0965 dividend. This represents a $4.39 annualized dividend and a yield of 7.7%. This is a boost from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the second quarter valued at approximately $34,000. Advisory Services Network LLC purchased a new position in First Trust United Kingdom AlphaDEX Fund in the 3rd quarter worth approximately $62,000. StoneX Group Inc. lifted 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 acquiring an additional 591 shares in the last quarter. Susquehanna International Group LLP lifted 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 valued at $457,000 after acquiring an additional 1,302 shares in the last quarter. Finally, Cottonwood Capital Advisors LLC boosted its stake in First Trust United Kingdom AlphaDEX Fund by 10.9% during the 1st quarter. Cottonwood Capital Advisors LLC now owns 11,788 shares of the company’s stock valued at $594,000 after purchasing an additional 1,158 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.