Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Rises By 186.5%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - Get Free Report) was the recipient of 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. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.8% of the shares of the stock are sold short.

First Trust United Kingdom AlphaDEX Fund Trading Down 1.6%

NASDAQ:FKU traded down $0.73 during trading hours on Friday, hitting $45.90. 743 shares of the stock were exchanged, compared to its average volume of 8,854. First Trust United Kingdom AlphaDEX Fund has a 52-week low of $35.98 and a 52-week high of $46.65. The firm's fifty day moving average price is $43.33 and its 200 day moving average price is $40.76. The company has a market cap of $59.67 million, a P/E ratio of 14.33 and a beta of 1.18.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The company also recently declared 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. This represents a $0.66 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Thursday, March 27th.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC grew its holdings in First Trust United Kingdom AlphaDEX Fund by 211.6% in the 1st quarter. Jane Street Group LLC now owns 47,641 shares of the company's stock valued at $1,907,000 after buying an additional 32,353 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the first quarter valued at about $1,906,000. 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 worth $459,000 after purchasing an additional 1,055 shares during the last quarter. Citadel Advisors LLC acquired a new stake in First Trust United Kingdom AlphaDEX Fund during the fourth quarter worth about $2,033,000. Finally, Raymond James Financial Inc. purchased a new position in First Trust United Kingdom AlphaDEX Fund during the fourth quarter worth about $601,000.

About First Trust United Kingdom AlphaDEX Fund

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.