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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,500 shares, an increase of 20.7% from the February 13th total of 2,900 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 10,100 shares, the short-interest ratio is currently 0.3 days.

First Trust United Kingdom AlphaDEX Fund Trading Up 0.1 %

Shares of FKU traded up $0.06 during mid-day trading on Tuesday, reaching $40.99. The company had a trading volume of 4,986 shares, compared to its average volume of 8,202. First Trust United Kingdom AlphaDEX Fund has a fifty-two week low of $35.33 and a fifty-two week high of $42.54. The firm has a fifty day simple moving average of $39.54 and a 200-day simple moving average of $39.83. The stock has a market cap of $65.58 million, a price-to-earnings ratio of 13.35 and a beta of 1.18.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Quantinno Capital Management LP increased its stake in First Trust United Kingdom AlphaDEX Fund by 9.6% during the fourth quarter. Quantinno Capital Management LP now owns 12,050 shares of the company’s stock worth $459,000 after acquiring an additional 1,055 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth about $582,000. Raymond James Financial Inc. purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth about $601,000. Citadel Advisors LLC acquired a new stake in First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth approximately $2,033,000. Finally, Rathbones Group PLC raised its holdings in First Trust United Kingdom AlphaDEX Fund by 2.8% in the fourth quarter. Rathbones Group PLC now owns 59,264 shares of the company’s stock valued at $2,257,000 after buying an additional 1,622 shares during the period.

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.