Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Grows By 34.3%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,700 shares, a growth of 34.3% from the February 28th total of 3,500 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 9,500 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Large investors have recently modified their holdings of the stock. Quantinno Capital Management LP lifted 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 buying an additional 1,477 shares during the period. Jane Street Group LLC bought a new position in shares of First Trust United Kingdom AlphaDEX Fund during the fourth quarter valued at $582,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter valued at $601,000. Citadel Advisors LLC bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter worth about $2,033,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 3rd quarter worth about $2,394,000.

First Trust United Kingdom AlphaDEX Fund Stock Performance

Shares of NASDAQ:FKU traded down $0.31 during midday trading on Monday, reaching $40.10. 945 shares of the company’s stock were exchanged, compared to its average volume of 8,123. The company’s 50 day simple moving average is $40.10 and its two-hundred day simple moving average is $39.85. First Trust United Kingdom AlphaDEX Fund has a 12 month low of $35.33 and a 12 month high of $42.54. The firm has a market capitalization of $64.15 million, a PE ratio of 13.57 and a beta of 1.18.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.1648 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Thursday, March 27th.

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.