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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 3,700 shares, a growth of 32.1% from the April 30th total of 2,800 shares. Based on an average daily trading volume, of 7,100 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company's stock are short sold.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of FKU. Quantinno Capital Management LP grew its position in shares of First Trust United Kingdom AlphaDEX Fund by 9.6% during the 4th quarter. Quantinno Capital Management LP now owns 12,050 shares of the company's stock valued at $459,000 after buying an additional 1,055 shares during the last quarter. Rathbones Group PLC boosted its stake in First Trust United Kingdom AlphaDEX Fund by 2.8% during the 4th quarter. Rathbones Group PLC now owns 59,264 shares of the company's stock valued at $2,257,000 after purchasing an additional 1,622 shares during the period. Jane Street Group LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter worth approximately $582,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter worth approximately $601,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 1st quarter worth approximately $1,906,000.

First Trust United Kingdom AlphaDEX Fund Price Performance

First Trust United Kingdom AlphaDEX Fund stock traded up $0.16 during midday trading on Wednesday, hitting $46.04. 2,097 shares of the stock were exchanged, compared to its average volume of 8,950. The company has a 50 day moving average price of $42.25 and a two-hundred day moving average price of $40.41. The firm has a market cap of $59.85 million, a P/E ratio of 14.33 and a beta of 1.18. First Trust United Kingdom AlphaDEX Fund has a 1 year low of $35.98 and a 1 year high of $46.09.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.1648 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Thursday, March 27th.

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.