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

The First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) experienced a significant decline in short interest during December. By December 15th, short interest had dropped to 2,800 shares, representing a decrease of 57.6% from the previous total of 6,600 shares reported on November 30th. Given the average daily trading volume of 9,400 shares, this brings the days-to-cover ratio to a low of 0.3 days.

Institutional Investors Update

Recent activity among institutional investors and hedge funds has led to adjustments in their holdings of FKU. Notably, Benjamin Edwards Inc. established a new position in the First Trust United Kingdom AlphaDEX Fund during the third quarter, acquiring shares valued at approximately $2,394,000. In the second quarter, Rathbones Group PLC increased its holdings by 18.1%, owning a total of 44,590 shares valued at $1,700,000 after adding 6,823 shares. Additionally, Quantinno Capital Management LP raised its stake in the fund by 15.5% during the third quarter, now holding 10,995 shares worth $460,000 after purchasing an additional 1,477 shares.

Performance of First Trust United Kingdom AlphaDEX Fund

In the trading session on Friday, FKU shares fell by $0.45, bringing the price per share to $38.06. There were 3,013 shares traded during the day, compared to the average of 11,792 shares. The market capitalization of the fund is approximately $72.31 million, with a price-to-earnings (P/E) ratio of 12.45 and a beta of 1.18. The company's 50-day moving average stands at $39.61, and the 200-day moving average is at $39.76. Over the past year, FKU has reached a low of $34.14 and a high of $42.54.

Dividend Announcement

The First Trust United Kingdom AlphaDEX Fund also announced a dividend, which is set to be distributed on December 31st. Shareholders on record since December 13th will receive a dividend of $0.6439 per share, with the ex-dividend date noted as December 13th.

About the Fund

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund designed to track the NASDAQ AlphaDEX United Kingdom Index. This fund follows a tiered equal-weighted index comprising 75 companies selected according to NASDAQ's AlphaDEX methodology. The fund was launched on February 14, 2012, and is managed by First Trust.

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