First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Short Interest Update

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU – Get Rating) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 33,500 shares, an increase of 61.1% from the March 31st total of 20,800 shares. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is currently 2.9 days.

FKU traded up $0.12 on Friday, hitting $36.58. 7,396 shares of the company’s stock were exchanged, compared to its average volume of 12,022. First Trust United Kingdom AlphaDEX Fund has a twelve month low of $35.47 and a twelve month high of $46.32. The stock has a fifty day moving average of $38.48 and a two-hundred day moving average of $41.41.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 28th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, March 25th. This represents a $1.28 annualized dividend and a yield of 3.50%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FKU. MTM Investment Management LLC bought a new stake in First Trust United Kingdom AlphaDEX Fund during the 4th quarter valued at $30,000. Bank of America Corp DE acquired a new position in First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth $70,000. LPL Financial LLC acquired a new position in First Trust United Kingdom AlphaDEX Fund during the 3rd quarter worth $229,000. Cottonwood Capital Advisors LLC acquired a new position in First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth $330,000. Finally, Rathbones Group PLC acquired a new position in First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth $399,000.

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