First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Sees Significant Increase in Short Interest

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 7,200 shares, an increase of 33.3% from the October 31st total of 5,400 shares. Based on an average daily volume of 10,800 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quantinno Capital Management LP boosted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 15.5% during the third quarter. Quantinno Capital Management LP now owns 10,995 shares of the company’s stock worth $460,000 after purchasing an additional 1,477 shares during the period. Rathbones Group PLC increased its stake in First Trust United Kingdom AlphaDEX Fund by 18.1% in the 2nd quarter. Rathbones Group PLC now owns 44,590 shares of the company’s stock valued at $1,700,000 after buying an additional 6,823 shares during the period. Finally, Benjamin Edwards Inc. purchased a new stake in First Trust United Kingdom AlphaDEX Fund in the 3rd quarter worth approximately $2,394,000.

First Trust United Kingdom AlphaDEX Fund Stock Up 0.7 %

Shares of First Trust United Kingdom AlphaDEX Fund stock opened at $39.86 on Monday. First Trust United Kingdom AlphaDEX Fund has a 12 month low of $34.14 and a 12 month high of $42.54. The stock has a market cap of $75.73 million, a PE ratio of 12.45 and a beta of 1.18. The business has a fifty day simple moving average of $40.30 and a 200-day simple moving average of $39.75.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.2687 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.07 dividend on an annualized basis and a yield of 2.70%.

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.