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

Key Points

• Short interest plunged 82.2% to 38,564 shares as of Feb. 27 (about 2.2% of shares), leaving a short-interest ratio of roughly 2.2 days based on average daily volume.
• Dividend increased: the quarterly payout rose from $0.32 to $0.4568 (annualized $1.83), implying a yield of about 3.5%.
• Fund valuation and trading: FKU traded at $52.20 with a $91.34 million market cap and a P/E of 11.78, and a one-year range of $35.98–$56.74.

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - ) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 38,564 shares, a drop of 82.2% from the February 12th total of 217,188 shares. Based on an average daily trading volume, of 17,393 shares, the short-interest ratio is currently 2.2 days. Approximately 2.2% of the company's stock are sold short. Approximately 2.2% of the company's stock are sold short. Based on an average daily trading volume, of 17,393 shares, the short-interest ratio is currently 2.2 days.

First Trust United Kingdom AlphaDEX Fund Stock Performance

Shares of NASDAQ:FKU traded up $0.06 on Tuesday, hitting $52.20. 1,124 shares of the company's stock were exchanged, compared to its average volume of 18,733. The firm's 50-day moving average is $53.65 and its 200 day moving average is $50.14. The company has a market capitalization of $91.34 million, a PE ratio of 11.78 and a beta of 0.97. First Trust United Kingdom AlphaDEX Fund has a 1-year low of $35.98 and a 1-year high of $56.74.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.4568 per share. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust United Kingdom AlphaDEX Fund's previous quarterly dividend of $0.32. This represents a $1.83 annualized dividend and a yield of 3.5%.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in the stock. &PARTNERS purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth approximately $3,081,000. First Trust Advisors LP grew its position in shares of First Trust United Kingdom AlphaDEX Fund by 7.2% in the 4th quarter. First Trust Advisors LP now owns 754,114 shares of the company's stock valued at $38,391,000 after buying an additional 50,741 shares during the last quarter. Jane Street Group LLC raised its stake in First Trust United Kingdom AlphaDEX Fund by 82.5% during the 4th quarter. Jane Street Group LLC now owns 20,026 shares of the company's stock worth $1,020,000 after acquiring an additional 9,054 shares in the last quarter. StoneX Group Inc. lifted its position in First Trust United Kingdom AlphaDEX Fund by 12.5% in the fourth quarter. StoneX Group Inc. now owns 5,331 shares of the company's stock valued at $271,000 after acquiring an additional 591 shares during the last quarter. Finally, Dunhill Financial LLC lifted its position in First Trust United Kingdom AlphaDEX Fund by 220.1% in the fourth quarter. Dunhill Financial LLC now owns 3,089 shares of the company's stock valued at $169,000 after acquiring an additional 2,124 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.