Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Decreases By 70.1%

Key Points

• Short interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) fell sharply by 70.1% in March to 5,502 shares, equal to about 0.3% of shares and a short-interest ratio of 0.5 days.
• The fund declared and paid a quarterly dividend of $0.1569 on March 31 (annualized $0.63, yield ~1.2%).
• FKU trades near $53.44 with a market cap of roughly $117.6 million, and several institutional investors recently initiated or increased positions in the fund.

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - ) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 5,502 shares, a decline of 70.1% from the March 15th total of 18,432 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,226 shares, the short-interest ratio is presently 0.5 days.

First Trust United Kingdom AlphaDEX Fund Trading Up 0.4%

Shares of FKU stock opened at $53.44 on Friday. The stock has a market cap of $117.57 million, a P/E ratio of 11.78 and a beta of 0.90. The stock has a 50 day simple moving average of $52.83 and a 200 day simple moving average of $50.62. First Trust United Kingdom AlphaDEX Fund has a 1 year low of $38.83 and a 1 year high of $56.74.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.1569 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, March 26th.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Several institutional investors have recently made changes to their positions in FKU. NewEdge Advisors LLC bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the second quarter valued at approximately $34,000. Advisory Services Network LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 3rd quarter worth approximately $62,000. Dunhill Financial LLC boosted its position in shares of First Trust United Kingdom AlphaDEX Fund by 220.1% during the 4th quarter. Dunhill Financial LLC now owns 3,089 shares of the company's stock worth $169,000 after acquiring an additional 2,124 shares in the last quarter. StoneX Group Inc. boosted its position in shares of First Trust United Kingdom AlphaDEX Fund by 12.5% during the 4th quarter. StoneX Group Inc. now owns 5,331 shares of the company's stock worth $271,000 after acquiring an additional 591 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC boosted its position in shares of First Trust United Kingdom AlphaDEX Fund by 19.1% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 5,602 shares of the company's stock worth $272,000 after acquiring an additional 900 shares in 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.

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