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

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a large drop in short interest in the month of 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 days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Several hedge funds have recently made changes to their positions in the company. Quantinno Capital Management LP increased its holdings in First Trust United Kingdom AlphaDEX Fund by 15.5% in the third 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 in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 3rd quarter valued at about $2,394,000. Finally, Rathbones Group PLC increased its stake in shares of 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 valued at $1,700,000 after purchasing an additional 6,823 shares in the last quarter.

First Trust United Kingdom AlphaDEX Fund Price Performance

Shares of FKU stock opened at $38.97 on Wednesday. The company’s 50-day simple moving average is $39.99 and its two-hundred day simple moving average is $39.82. First Trust United Kingdom AlphaDEX Fund has a one year low of $34.14 and a one year high of $42.54. The company has a market capitalization of $74.04 million, a P/E ratio of 12.45 and a beta of 1.18.

First Trust United Kingdom AlphaDEX Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.6439 dividend. The ex-dividend date 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.