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

The First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) experienced a significant reduction in short interest during December. As of December 15th, the total short interest dropped to 2,800 shares, marking a decrease of 57.6% from the 6,600 shares reported on November 30th. With an average trading volume of 9,400 shares, this indicates a days-to-cover ratio of just 0.3 days.

Institutional Investors Adjust Their Holdings

Recently, several institutional investors and hedge funds have made changes to their holdings in the First Trust United Kingdom AlphaDEX Fund. For instance, Benjamin Edwards Inc. acquired a new stake in FKU valued at approximately $2,394,000 during the third quarter. Meanwhile, Rathbones Group PLC increased its position in the fund by 18.1% during the second quarter, owning 44,590 shares worth $1,700,000 after adding 6,823 shares during that time. Additionally, Quantinno Capital Management LP raised its investment in FKU by 15.5% in the third quarter, now holding 10,995 shares valued at $460,000 after acquiring an extra 1,477 shares last quarter.

Current Stock Performance

On Friday, shares of the First Trust United Kingdom AlphaDEX Fund fell by 1.2%, trading at $38.06. During midday transactions, 3,013 shares changed hands, which is lower than its average volume of 11,792 shares. The fund has a market capitalization of $72.31 million, a price-to-earnings (P/E) ratio of 12.45, and a beta of 1.18. The 50-day moving average for the stock is $39.61, while the 200-day moving average stands at $39.76. Over the past year, FKU's stock has ranged between a low of $34.14 and a high of $42.54.

Dividend Announcement by FKU

The First Trust United Kingdom AlphaDEX Fund recently announced a dividend payment scheduled for Tuesday, December 31st. The company will distribute a dividend of $0.6439 per share to shareholders on record as of Friday, December 13th. The ex-dividend date was also set for Friday, December 13th.

Overview of the Fund

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that seeks to replicate the NASDAQ AlphaDEX United Kingdom index. This fund tracks a tiered, equal-weighted index composed of 75 companies selected using NASDAQ's AlphaDEX selection methodology. FKU was launched on February 14, 2012, and is managed by First Trust.

Within the Investment Community

Though FKU currently holds a "Hold" rating among analysts, recent insights suggest there may be more attractive investments in the market. Analysts have highlighted five stocks that outshine FKU, suggesting they may be better options for potential buyers.

Conclusion

Investors should closely monitor the First Trust United Kingdom AlphaDEX Fund as it navigates through notable adjustments in holdings and short interest. With ongoing institutional involvement and adjustments in market activities, FKU remains a topic of discussion within the investment community.

stocks, investors, performance