First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Short Interest Up 34.3% in March

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the target of a large growth in short interest in 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. Approximately 0.3% of the shares of the stock are short sold. 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 0.8 %

NASDAQ FKU traded down $0.31 during trading hours on Monday, reaching $40.10. 945 shares of the company’s stock were exchanged, compared to its average volume of 8,123. The firm has a fifty day moving average of $40.10 and a 200-day moving average of $39.85. First Trust United Kingdom AlphaDEX Fund has a one year low of $35.33 and a one year high of $42.54. The stock has a market cap of $64.15 million, a PE ratio of 13.57 and a beta of 1.18.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.1648 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, March 27th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Benjamin Edwards Inc. bought a new stake in First Trust United Kingdom AlphaDEX Fund during the 3rd quarter worth about $2,394,000. Quantinno Capital Management LP grew its stake in shares of First Trust United Kingdom AlphaDEX Fund by 15.5% during the third quarter. Quantinno Capital Management LP now owns 10,995 shares of the company’s stock valued at $460,000 after purchasing an additional 1,477 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the fourth quarter valued at approximately $601,000. Rathbones Group PLC raised its position in First Trust United Kingdom AlphaDEX Fund by 2.8% in the 4th quarter. Rathbones Group PLC now owns 59,264 shares of the company’s stock worth $2,257,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in First Trust United Kingdom AlphaDEX Fund during the 4th quarter worth $582,000.

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.