Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Decreases By 26.7%

Key Points

• Short interest in the First Trust United Kingdom AlphaDEX Fund (NASDAQ: FKU) declined by 26.7% to 9,600 shares as of August 31 from 13,100 shares on August 15, indicating reduced bearish sentiment.
• The fund has recently announced a quarterly dividend of $0.5288, marking a significant increase from its previous quarterly dividend of $0.16, offering a dividend yield of 4.4%.
• Hedge funds are actively adjusting their positions, with notable investments including NewEdge Advisors LLC purchasing a new stake valued at $34,000, and Waverton Investment Management Ltd increasing its stake by 17.4%.

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 9,600 shares, a drop of 26.7% from the August 15th total of 13,100 shares. Based on an average trading volume of 3,200 shares, the short-interest ratio is currently 3.0 days. Approximately 0.7% of the shares of the stock are sold short. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 3,200 shares, the short-interest ratio is currently 3.0 days.

Institutional Trading of First Trust United Kingdom AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund during the 2nd quarter valued at $34,000. Quantinno Capital Management LP lifted its holdings in First Trust United Kingdom AlphaDEX Fund by 9.6% in 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. Waverton Investment Management Ltd lifted its holdings in First Trust United Kingdom AlphaDEX Fund by 17.4% in 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. Jane Street Group LLC lifted its holdings in First Trust United Kingdom AlphaDEX Fund by 8.1% in the 2nd quarter. Jane Street Group LLC now owns 51,499 shares of the company's stock worth $2,415,000 after buying an additional 3,858 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC acquired a new position in First Trust United Kingdom AlphaDEX Fund in the 2nd quarter worth $220,000.

First Trust United Kingdom AlphaDEX Fund Stock Down 1.0%

Shares of FKU traded down $0.46 during mid-day trading on Friday, reaching $47.43. 3,230 shares of the company's stock were exchanged, compared to its average volume of 6,097. The company has a 50-day simple moving average of $47.08 and a two-hundred day simple moving average of $44.44. First Trust United Kingdom AlphaDEX Fund has a 52-week low of $35.98 and a 52-week high of $48.40. The company has a market cap of $68.77 million, a price-to-earnings ratio of 11.78 and a beta of 1.18.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

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

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.