Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Decreases By 75.3%

Key Points

• The short interest in the First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) declined significantly by 75.3% in July, with only 17,600 shares shorted as of July 31st.
• First Trust United Kingdom AlphaDEX Fund announced a raised quarterly dividend of $0.5288 per share, representing a yield of 4.5%, a notable increase from its previous dividend of $0.16.
• The fund has a current market capitalization of $68.62 million and a P/E ratio of 11.78, indicating its financial performance and valuation metrics.

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 July. As of July 31st, there was short interest totaling 17,600 shares, adropof75.3% from the July 15th total of 71,200 shares. Based on an average daily trading volume, of 6,100 shares, the short-interest ratio is presently 2.9 days. Currently,1.2% of the company's shares are sold short. Currently,1.2% of the company's shares are sold short. Based on an average daily trading volume, of 6,100 shares, the short-interest ratio is presently 2.9 days.

First Trust United Kingdom AlphaDEX Fund Trading Down 0.5%

NASDAQ:FKU traded down $0.23 during mid-day trading on Tuesday, hitting $47.15. 2,381 shares of the company's stock were exchanged, compared to its average volume of 6,718. The company has a 50 day simple moving average of $46.53 and a 200-day simple moving average of $43.34. First Trust United Kingdom AlphaDEX Fund has a fifty-two week low of $35.98 and a fifty-two week high of $47.75. The firm has a market capitalization of $68.37 million, a P/E ratio of 11.78 and a beta of 1.18.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.5288 per share. This represents a $2.12 annualized dividend and a yield of 4.5%. The ex-dividend date was Thursday, June 26th. This is a positive change from First Trust United Kingdom AlphaDEX Fund's previous quarterly dividend of $0.16.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FKU. NewEdge Advisors LLC bought a new position in First Trust United Kingdom AlphaDEX Fund during the 2nd quarter worth approximately $34,000. Walkner Condon Financial Advisors LLC bought a new position in First Trust United Kingdom AlphaDEX Fund during the 2nd quarter worth approximately $220,000. StoneX Group Inc. bought a new position in First Trust United Kingdom AlphaDEX Fund during the 2nd quarter worth approximately $222,000. Quantinno Capital Management LP raised its holdings in 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 worth $459,000 after purchasing an additional 1,055 shares during the last quarter. Finally, Waverton Investment Management Ltd raised its holdings in First Trust United Kingdom AlphaDEX Fund by 17.4% during the 2nd quarter. Waverton Investment Management Ltd now owns 11,545 shares of the company's stock worth $540,000 after purchasing an additional 1,710 shares during the last quarter.

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.