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

by · The Markets Daily

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU – Get Free Report) was the recipient of a large growth in short interest during the month of 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. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 2,880 shares, the days-to-cover ratio is currently 0.9 days.

First Trust United Kingdom AlphaDEX Fund Trading Down 0.3%

Shares of FKU stock traded down $0.20 during trading hours on Friday, hitting $56.97. 505 shares of the company’s stock were exchanged, compared to its average volume of 19,253. First Trust United Kingdom AlphaDEX Fund has a 12-month low of $45.82 and a 12-month high of $57.88. The business’s 50 day simple moving average is $54.94 and its 200-day simple moving average is $53.75. The company has a market capitalization of $39.88 million, a PE 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. Investors of record on Thursday, June 25th were given a dividend of $1.0965 per share. This represents a $4.39 annualized dividend and a yield of 7.7%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. &PARTNERS purchased a new position in First Trust United Kingdom AlphaDEX Fund during the 4th quarter valued at $3,081,000. First Trust Advisors LP lifted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 7.2% during the fourth quarter. First Trust Advisors LP now owns 754,114 shares of the company’s stock valued at $38,391,000 after purchasing an additional 50,741 shares during the last quarter. Jane Street Group LLC boosted its position in shares of First Trust United Kingdom AlphaDEX Fund by 82.5% in the 4th quarter. Jane Street Group LLC now owns 20,026 shares of the company’s stock worth $1,020,000 after purchasing an additional 9,054 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 3rd quarter worth approximately $5,748,000. Finally, Raymond James Financial Inc. increased its position in First Trust United Kingdom AlphaDEX Fund by 11.6% during the 3rd quarter. Raymond James Financial Inc. now owns 14,634 shares of the company’s stock valued at $709,000 after buying an additional 1,522 shares in the last quarter.

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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