First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Short Interest Update

The First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) has recently experienced a significant reduction in short interest throughout December. As of December 15th, the total short interest was recorded at 2,800 shares, which reflects a notable decrease of 57.6% from the previous total of 6,600 shares on November 30th. With an average trading volume of 9,400 shares, the current days-to-cover ratio is just 0.3 days.

Institutional Investors' Recent Movements

Several institutional investors and hedge funds have recently made adjustments to their positions in FKU. Benjamin Edwards Inc. acquired a new stake in the First Trust United Kingdom AlphaDEX Fund during the third quarter, estimated to be around $2,394,000. Rathbones Group PLC expanded its investment in the fund by 18.1% in the second quarter, now holding 44,590 shares valued at approximately $1,700,000 after adding 6,823 shares. Additionally, Quantinno Capital Management LP boosted its holdings by 15.5% in the third quarter, bringing its total to 10,995 shares valued at about $460,000 after purchasing an additional 1,477 shares in the recent quarter.

Performance of the Fund

As of midday trading on Friday, shares of FKU saw a dip of 1.2%, dropping to $38.06. Approximately 3,013 shares changed hands, contrasting with the average trading volume of 11,792. The fund has a market capitalization of $72.31 million, with a price-to-earnings (P/E) ratio of 12.45 and a beta of 1.18. The 50-day moving average price stands at $39.61, while the 200-day moving average is at $39.76. Over the past year, FKU has recorded a low of $34.14 and a high of $42.54.

Dividend Announcement from FKU

The fund recently announced a dividend that will be distributed on Tuesday, December 31st. Shareholders recorded as of Friday, December 13th, will receive a dividend payout of $0.6439 per share. Notably, the ex-dividend date was also set for December 13th.

Overview of the First Trust United Kingdom AlphaDEX Fund

The First Trust United Kingdom AlphaDEX Fund (FKU) operates as an exchange-traded fund based on the NASDAQ AlphaDEX United Kingdom Index. This fund aims to track a tiered equal-weighted index consisting of 75 companies, selected according to NASDAQ’s AlphaDEX selection methodology. The fund commenced operations on February 14, 2012, and is managed by First Trust.

Investment Considerations

Before investing in the First Trust United Kingdom AlphaDEX Fund, investors are advised to consider various factors, including analyst reviews and market conditions. While the fund carries a current "Hold" rating among analysts, some top-rated analysts have identified other stocks that may present better investment opportunities.

Investment, Shares, Dividend