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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 7,200 shares, a growth of 33.3% from the October 31st total of 5,400 shares. Based on an average daily trading volume, of 10,800 shares, the short-interest ratio is presently 0.7 days.

First Trust United Kingdom AlphaDEX Fund Stock Up 0.7 %

Shares of NASDAQ:FKU opened at $39.86 on Monday. First Trust United Kingdom AlphaDEX Fund has a 52-week low of $34.14 and a 52-week high of $42.54. The business has a fifty day moving average of $40.30 and a two-hundred day moving average of $39.75. The stock has a market cap of $75.73 million, a P/E ratio of 12.45 and a beta of 1.18.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.2687 per share. This represents a $1.07 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Thursday, September 26th.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP increased its position in shares of First Trust United Kingdom AlphaDEX Fund by 15.5% during the 3rd quarter. Quantinno Capital Management LP now owns 10,995 shares of the company’s stock worth $460,000 after purchasing an additional 1,477 shares during the last quarter. Rathbones Group PLC increased its position in shares of First Trust United Kingdom AlphaDEX Fund by 18.1% during the second quarter. Rathbones Group PLC now owns 44,590 shares of the company’s stock valued at $1,700,000 after acquiring an additional 6,823 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 3rd quarter valued at approximately $2,394,000.

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.