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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 217,188 shares, an increase of 798.1% from the January 29th total of 24,183 shares. Based on an average daily volume of 52,842 shares, the days-to-cover ratio is currently 4.1 days. Currently, 12.4% of the shares of the company are short sold. Currently, 12.4% of the shares of the company are short sold. Based on an average daily volume of 52,842 shares, the days-to-cover ratio is currently 4.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cottonwood Capital Advisors LLC increased its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 2.7% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 10,630 shares of the company’s stock valued at $541,000 after purchasing an additional 278 shares during the period. StoneX Group Inc. grew its position in First Trust United Kingdom AlphaDEX Fund by 12.5% in the 4th quarter. StoneX Group Inc. now owns 5,331 shares of the company’s stock valued at $271,000 after buying an additional 591 shares during the last quarter. NewEdge Advisors LLC acquired a new position in First Trust United Kingdom AlphaDEX Fund in the 2nd quarter valued at $34,000. Walkner Condon Financial Advisors LLC raised its position in First Trust United Kingdom AlphaDEX Fund by 19.1% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 5,602 shares of the company’s stock worth $272,000 after buying an additional 900 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in First Trust United Kingdom AlphaDEX Fund during the 3rd quarter worth $62,000.

First Trust United Kingdom AlphaDEX Fund Stock Performance

Shares of First Trust United Kingdom AlphaDEX Fund stock opened at $56.73 on Thursday. The company has a market capitalization of $99.28 million, a P/E ratio of 11.78 and a beta of 0.97. First Trust United Kingdom AlphaDEX Fund has a 1 year low of $35.98 and a 1 year high of $56.74. The company’s fifty day moving average is $53.13 and its two-hundred day moving average is $49.73.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.4568 dividend. This is a boost from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, December 12th. This represents a $1.83 annualized dividend and a yield of 3.2%.

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.