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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - Get Free Report) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 10,600 shares, a growth of 186.5% from the May 15th total of 3,700 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is currently 1.8 days.

First Trust United Kingdom AlphaDEX Fund Stock Up 0.3%

FKU traded up $0.14 during midday trading on Monday, hitting $46.20. 5,898 shares of the company traded hands, compared to its average volume of 7,942. The company's 50-day moving average is $43.33 and its 200 day moving average is $40.77. The firm has a market capitalization of $60.06 million, a PE ratio of 14.33 and a beta of 1.18. First Trust United Kingdom AlphaDEX Fund has a 52 week low of $35.98 and a 52 week high of $46.71.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

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

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP increased its position in First Trust United Kingdom AlphaDEX Fund by 9.6% during the fourth quarter. Quantinno Capital Management LP now owns 12,050 shares of the company's stock valued at $459,000 after acquiring an additional 1,055 shares during the last quarter. Rathbones Group PLC boosted its position in First Trust United Kingdom AlphaDEX Fund by 2.8% in the fourth quarter. Rathbones Group PLC now owns 59,264 shares of the company's stock worth $2,257,000 after purchasing an additional 1,622 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 4th quarter valued at about $582,000. Raymond James Financial Inc. purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 4th quarter valued at about $601,000. Finally, OLD Mission Capital LLC bought a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 1st quarter worth approximately $1,906,000.

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.