Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Grows By 2,626.4%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 24,183 shares, an increase of 2,626.4% from the January 15th total of 887 shares. Based on an average daily volume of 2,269 shares, the days-to-cover ratio is presently 10.7 days. Approximately 1.4% of the shares of the stock are short sold. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 2,269 shares, the days-to-cover ratio is presently 10.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the second quarter worth $34,000. Advisory Services Network LLC acquired a new position in First Trust United Kingdom AlphaDEX Fund during the third quarter worth about $62,000. Dunhill Financial LLC grew its stake in 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 valued at $169,000 after acquiring an additional 2,124 shares in the last quarter. Walkner Condon Financial Advisors LLC purchased a new stake in First Trust United Kingdom AlphaDEX Fund during the 2nd quarter valued at about $220,000. Finally, StoneX Group Inc. acquired a new stake in First Trust United Kingdom AlphaDEX Fund in the 2nd quarter valued at about $222,000.

First Trust United Kingdom AlphaDEX Fund Stock Down 0.4%

FKU opened at $54.92 on Wednesday. The company has a market cap of $96.10 million, a PE ratio of 11.78 and a beta of 0.97. First Trust United Kingdom AlphaDEX Fund has a twelve month low of $35.98 and a twelve month high of $55.78. The company has a 50-day moving average price of $51.71 and a 200 day moving average price of $49.07.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

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

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.