First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Short Interest Up 33.3% in November

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 7,200 shares, an increase of 33.3% from the October 31st total of 5,400 shares. Based on an average trading volume of 10,800 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Several large investors have recently made changes to their positions in the company. Benjamin Edwards Inc. bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the third quarter valued at about $2,394,000. Rathbones Group PLC increased its stake in First Trust United Kingdom AlphaDEX Fund by 18.1% during the 2nd quarter. Rathbones Group PLC now owns 44,590 shares of the company’s stock valued at $1,700,000 after buying an additional 6,823 shares during the period. Finally, Quantinno Capital Management LP raised its position in shares of First Trust United Kingdom AlphaDEX Fund by 15.5% during the 3rd quarter. Quantinno Capital Management LP now owns 10,995 shares of the company’s stock worth $460,000 after buying an additional 1,477 shares in the last quarter.

First Trust United Kingdom AlphaDEX Fund Stock Performance

First Trust United Kingdom AlphaDEX Fund stock opened at $39.86 on Monday. 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 50-day simple moving average of $40.30 and a 200-day simple moving average of $39.75. The firm has a market capitalization of $75.73 million, a P/E ratio of 12.45 and a beta of 1.18.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.2687 dividend. This represents a $1.07 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Thursday, September 26th.

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.