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

Key Points

• First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) experienced a **significant increase** in short interest, rising **287.0%** from 18,400 shares to **71,200 shares** by mid-July.
• The fund recently announced a **quarterly dividend of $0.5288 per share**, a substantial increase from the previous **$0.16**, representing an annualized yield of **4.6%**.
• Several hedge funds, including **Quantinno Capital Management** and **Rathbones Group**, have boosted their stakes in the First Trust United Kingdom AlphaDEX Fund in the last quarter, indicating strong institutional interest.

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - ) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 71,200 shares, anincreaseof287.0% from the June 30th total of 18,400 shares. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is currently 13.4 days. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is currently 13.4 days.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

A number of large investors have recently bought and sold shares of the business. Quantinno Capital Management LP boosted its stake in shares of First Trust United Kingdom AlphaDEX Fund by 9.6% in the fourth quarter. Quantinno Capital Management LP now owns 12,050 shares of the company's stock worth $459,000 after acquiring an additional 1,055 shares during the last quarter. Rathbones Group PLC raised its stake in First Trust United Kingdom AlphaDEX Fund by 2.8% in 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 last quarter. Jane Street Group LLC purchased a new position in First Trust United Kingdom AlphaDEX Fund in the 4th quarter valued at $582,000. Raymond James Financial Inc. acquired a new stake in First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth $601,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the first quarter worth $1,906,000.

First Trust United Kingdom AlphaDEX Fund Price Performance

FKU opened at $45.68 on Friday. The firm has a fifty day moving average price of $46.23 and a 200 day moving average price of $42.63. First Trust United Kingdom AlphaDEX Fund has a 1 year low of $35.98 and a 1 year high of $47.56. The stock has a market cap of $66.24 million, a P/E ratio of 11.78 and a beta of 1.18.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a dividend of $0.5288 per share. This is a boost from First Trust United Kingdom AlphaDEX Fund's previous quarterly dividend of $0.16. The ex-dividend date was Thursday, June 26th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.6%.

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.

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