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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the target of a significant 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. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

First Trust United Kingdom AlphaDEX Fund Stock Performance

Shares of NASDAQ FKU traded up $0.10 during mid-day trading on Wednesday, hitting $40.26. The stock had a trading volume of 558 shares, compared to its average volume of 8,100. The firm has a market cap of $64.42 million, a PE ratio of 13.57 and a beta of 1.18. The company has a 50 day moving average of $40.18 and a two-hundred day moving average of $39.84. First Trust United Kingdom AlphaDEX Fund has a twelve month low of $35.33 and a twelve month high of $42.54.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.1648 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Thursday, March 27th.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantinno Capital Management LP raised its position 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 valued at $459,000 after acquiring an additional 1,055 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth approximately $582,000. Raymond James Financial Inc. acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter valued at $601,000. Citadel Advisors LLC purchased a new stake in First Trust United Kingdom AlphaDEX Fund during the fourth quarter worth $2,033,000. Finally, Rathbones Group PLC boosted its holdings in First Trust United Kingdom AlphaDEX Fund by 2.8% during the fourth quarter. Rathbones Group PLC now owns 59,264 shares of the company’s stock worth $2,257,000 after buying an additional 1,622 shares in the last quarter.

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.