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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 2,610 shares, a growth of 90.0% from the July 30th total of 1,374 shares. Based on an average daily trading volume, of 2,880 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the shares of the stock are short sold.

First Trust United Kingdom AlphaDEX Fund Stock Performance

NASDAQ FKU opened at $56.94 on Tuesday. The stock has a market capitalization of $39.85 million, a P/E ratio of 11.78 and a beta of 0.86. The business’s fifty day moving average is $55.01 and its two-hundred day moving average is $53.75. First Trust United Kingdom AlphaDEX Fund has a 1 year low of $45.82 and a 1 year high of $57.88.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $1.0965 per share. This is a positive change from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16. This represents a $4.39 annualized dividend and a dividend yield of 7.7%. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FKU. Advisory Services Network LLC acquired a new position in First Trust United Kingdom AlphaDEX Fund during the 3rd quarter valued at $62,000. Susquehanna International Group LLP boosted its position in shares of First Trust United Kingdom AlphaDEX Fund by 16.0% during the 3rd quarter. Susquehanna International Group LLP now owns 9,426 shares of the company’s stock valued at $457,000 after acquiring an additional 1,302 shares in the last quarter. Raymond James Financial Inc. raised its position in First Trust United Kingdom AlphaDEX Fund by 11.6% in the third quarter. Raymond James Financial Inc. now owns 14,634 shares of the company’s stock worth $709,000 after purchasing an additional 1,522 shares in the last quarter. Jane Street Group LLC lifted its stake in First Trust United Kingdom AlphaDEX Fund by 82.5% during the fourth quarter. Jane Street Group LLC now owns 20,026 shares of the company’s stock worth $1,020,000 after purchasing an additional 9,054 shares during the period. Finally, &PARTNERS bought a new position in First Trust United Kingdom AlphaDEX Fund during the fourth quarter worth about $3,081,000.

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.