First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Sees Significant Drop in Short Interest

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - Get Free Report) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 2,800 shares, a drop of 57.6% from the November 30th total of 6,600 shares. Based on an average daily volume of 9,400 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP boosted its position 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 valued at $460,000 after buying an additional 1,477 shares during the period. Rathbones Group PLC increased its position in shares of First Trust United Kingdom AlphaDEX Fund by 18.1% during the second quarter. Rathbones Group PLC now owns 44,590 shares of the company's stock worth $1,700,000 after acquiring an additional 6,823 shares during the period. Finally, Benjamin Edwards Inc. acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the third quarter valued at $2,394,000.

First Trust United Kingdom AlphaDEX Fund Stock Down 0.9 %

NASDAQ FKU traded down $0.36 on Friday, reaching $38.15. The stock had a trading volume of 3,013 shares, compared to its average volume of 11,792. The stock has a fifty day moving average price of $39.61 and a two-hundred day moving average price of $39.76. First Trust United Kingdom AlphaDEX Fund has a 12-month low of $34.14 and a 12-month high of $42.54. The firm has a market capitalization of $72.49 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 disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.6439 dividend. The ex-dividend date of this dividend is Friday, December 13th.

About First Trust United Kingdom AlphaDEX Fund

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.