First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Sees Large Decline in Short Interest

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) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 17,600 shares, adecreaseof75.3% from the July 15th total of 71,200 shares. Approximately1.2% of the shares of the stock are sold short. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is presently 2.9 days. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is presently 2.9 days. Approximately1.2% of the shares of the stock are sold short.

First Trust United Kingdom AlphaDEX Fund Price Performance

NASDAQ FKU traded up $0.1150 during trading hours on Wednesday, reaching $47.3350. The company's stock had a trading volume of 236 shares, compared to its average volume of 6,676. The firm has a market capitalization of $68.64 million, a price-to-earnings ratio of 11.78 and a beta of 1.18. First Trust United Kingdom AlphaDEX Fund has a 1-year low of $35.98 and a 1-year high of $47.75. The company's 50-day moving average is $46.53 and its two-hundred day moving average is $43.34.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

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

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new position in First Trust United Kingdom AlphaDEX Fund in the 2nd quarter worth about $34,000. Walkner Condon Financial Advisors LLC acquired a new position in First Trust United Kingdom AlphaDEX Fund in the 2nd quarter worth about $220,000. StoneX Group Inc. purchased a new stake in First Trust United Kingdom AlphaDEX Fund during the 2nd quarter worth approximately $222,000. Quantinno Capital Management LP increased its stake 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 buying an additional 1,055 shares in the last quarter. Finally, Waverton Investment Management Ltd increased its stake 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 buying an additional 1,710 shares in the last quarter.

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.