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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - Get Free Report) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 2,300 shares, a drop of 55.8% from the March 31st total of 5,200 shares. Currently, 0.2% of the company's stock are sold short. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth about $2,033,000. Raymond James Financial Inc. bought a new stake in First Trust United Kingdom AlphaDEX Fund during the fourth quarter worth approximately $601,000. Jane Street Group LLC bought a new stake in First Trust United Kingdom AlphaDEX Fund during the fourth quarter worth approximately $582,000. Rathbones Group PLC increased its position in shares of 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. Finally, Quantinno Capital Management LP lifted its holdings 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 valued at $459,000 after buying an additional 1,055 shares during the period.

First Trust United Kingdom AlphaDEX Fund Price Performance

Shares of FKU stock traded up $0.02 on Monday, hitting $42.41. 1,100 shares of the stock traded hands, compared to its average volume of 8,251. The company has a market capitalization of $57.26 million, a PE ratio of 13.96 and a beta of 1.04. The company's fifty day moving average is $40.20 and its 200 day moving average is $39.61. First Trust United Kingdom AlphaDEX Fund has a 1-year low of $35.33 and a 1-year high of $42.67.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.1648 dividend. 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 1.55%.

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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