Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Declines By 8.3%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 6,600 shares, a drop of 8.3% from the November 15th total of 7,200 shares. Based on an average daily volume of 9,500 shares, the short-interest ratio is presently 0.7 days.

First Trust United Kingdom AlphaDEX Fund Trading Down 1.7 %

NASDAQ:FKU opened at $39.38 on Monday. The business’s 50-day moving average price is $40.02 and its two-hundred day moving average price is $39.82. First Trust United Kingdom AlphaDEX Fund has a 1-year low of $34.14 and a 1-year high of $42.54. The firm has a market capitalization of $74.82 million, a price-to-earnings ratio of 12.45 and a beta of 1.18.

First Trust United Kingdom AlphaDEX Fund Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.6439 per share. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP increased its holdings in First Trust United Kingdom AlphaDEX Fund by 15.5% in the 3rd quarter. Quantinno Capital Management LP now owns 10,995 shares of the company’s stock worth $460,000 after purchasing an additional 1,477 shares in the last quarter. Rathbones Group PLC grew its position in First Trust United Kingdom AlphaDEX Fund by 18.1% in the 2nd quarter. Rathbones Group PLC now owns 44,590 shares of the company’s stock worth $1,700,000 after purchasing an additional 6,823 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in First Trust United Kingdom AlphaDEX Fund in the third quarter worth about $2,394,000.

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.