Short Interest in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Increases By 63.6%

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 4,270 shares, an increase of 63.6% from the August 15th total of 2,610 shares. Based on an average daily trading volume, of 1,251 shares, the short-interest ratio is presently 3.4 days. Approximately 0.6% of the shares of the stock are short sold.

First Trust United Kingdom AlphaDEX Fund Price Performance

Shares of NASDAQ:FKU opened at $55.48 on Friday. The company’s fifty day moving average price is $55.66 and its 200-day moving average price is $53.78. The firm has a market capitalization of $36.07 million, a price-to-earnings ratio of 11.78 and a beta of 0.86. First Trust United Kingdom AlphaDEX Fund has a one year low of $45.82 and a one year high of $57.88.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $1.0965 dividend. This represents a $4.39 annualized dividend and a yield of 7.9%. This is a boost from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

A hedge fund recently raised its position in First Trust United Kingdom AlphaDEX Fund stock. Cottonwood Capital Advisors LLC lifted its position in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) by 10.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,788 shares of the company’s stock after purchasing an additional 1,158 shares during the quarter. Cottonwood Capital Advisors LLC owned 1.31% of First Trust United Kingdom AlphaDEX Fund worth $594,000 at the end of the most recent 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.