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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,700 shares, a growth of 34.3% from the February 28th total of 3,500 shares. Currently, 0.3% of the company's stock are sold short. Based on an average trading volume of 9,500 shares, the days-to-cover ratio is presently 0.5 days.

First Trust United Kingdom AlphaDEX Fund Trading Down 6.0 %

Shares of FKU traded down $2.42 during trading hours on Friday, reaching $37.59. 16,670 shares of the stock traded hands, compared to its average volume of 8,166. The stock has a fifty day simple moving average of $40.22 and a 200 day simple moving average of $39.82. The company has a market cap of $50.75 million, a price-to-earnings ratio of 13.57 and a beta of 1.18. First Trust United Kingdom AlphaDEX Fund has a 52 week low of $35.33 and a 52 week high of $42.54.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.1648 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, March 27th.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Several institutional investors have recently bought and sold shares of the company. Quantinno Capital Management LP lifted its holdings in First Trust United Kingdom AlphaDEX Fund by 9.6% during the fourth quarter. Quantinno Capital Management LP now owns 12,050 shares of the company's stock valued at $459,000 after purchasing an additional 1,055 shares during the last quarter. Rathbones Group PLC lifted its stake in shares of First Trust United Kingdom AlphaDEX Fund by 2.8% during the 4th quarter. Rathbones Group PLC now owns 59,264 shares of the company's stock valued at $2,257,000 after buying an additional 1,622 shares in the last quarter. Jane Street Group LLC bought a new position in First Trust United Kingdom AlphaDEX Fund in the 4th quarter worth approximately $582,000. Raymond James Financial Inc. bought a new stake in First Trust United Kingdom AlphaDEX Fund during the 4th quarter valued at $601,000. Finally, Citadel Advisors LLC bought a new stake in First Trust United Kingdom AlphaDEX Fund during the 4th quarter valued at $2,033,000.

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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.