First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Sees Significant Growth in Short Interest

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

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Benjamin Edwards Inc. bought a new position in First Trust United Kingdom AlphaDEX Fund during the third quarter worth about $2,394,000. Rathbones Group PLC boosted its holdings in First Trust United Kingdom AlphaDEX Fund by 18.1% in the 2nd quarter. Rathbones Group PLC now owns 44,590 shares of the company’s stock worth $1,700,000 after buying an additional 6,823 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in First Trust United Kingdom AlphaDEX Fund by 15.5% in the 3rd quarter. Quantinno Capital Management LP now owns 10,995 shares of the company’s stock worth $460,000 after buying an additional 1,477 shares during the period.

First Trust United Kingdom AlphaDEX Fund Stock Up 0.7 %

FKU opened at $39.86 on Friday. The company’s 50-day moving average price is $40.34 and its two-hundred day moving average price is $39.74. First Trust United Kingdom AlphaDEX Fund has a twelve month low of $34.14 and a twelve month high of $42.54. The stock has a market cap of $75.73 million, a price-to-earnings 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 paid a $0.2687 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.07 annualized dividend and a yield of 2.70%.

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.