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

The First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) experienced a significant drop in short interest in December. As of December 15th, short interest stood at 2,800 shares, marking a substantial decrease of 57.6% from the 6,600 shares reported on November 30th. Given the average trading volume of 9,400 shares, the current days-to-cover ratio is approximately 0.3 days.

Institutional Investors' Recent Activity

A number of institutional investors and hedge funds have made changes to their holdings in the First Trust United Kingdom AlphaDEX Fund. During the third quarter, Benjamin Edwards Inc. acquired a new position in the fund worth around $2,394,000. Meanwhile, Rathbones Group PLC increased its shares in FKU by 18.1% in the second quarter, now holding 44,590 shares valued at $1,700,000 after adding 6,823 shares. In the same quarter, Quantinno Capital Management LP also boosted its stake by 15.5%, owning 10,995 shares currently worth $460,000 after acquiring an additional 1,477 shares.

Current Stock Performance

On Friday, shares of FKU fell by 1.2% to hit $38.06 during midday trading. A total of 3,013 shares changed hands, below the average volume of 11,792. The fund has a market capitalization of $72.31 million, a P/E ratio of 12.45, and a beta of 1.18. Its 50-day moving average stands at $39.61, while the 200-day moving average is $39.76. The stock has a one-year low of $34.14 and a high of $42.54.

Upcoming Dividend Announcement

The fund has also announced a dividend payment scheduled for December 31st. Shareholders who are on record as of December 13th will receive a dividend of $0.6439 per share. Notably, the ex-dividend date is also December 13th.

About the First Trust United Kingdom AlphaDEX Fund

The First Trust United Kingdom AlphaDEX Fund is an exchange-traded fund (ETF) that follows the NASDAQ AlphaDEX United Kingdom Index. This fund tracks a tiered equal-weighted index composed of 75 companies chosen based on a proprietary selection methodology by NASDAQ. Launched on February 14, 2012, it is managed by First Trust.

Investing Considerations

If you are contemplating investing in the First Trust United Kingdom AlphaDEX Fund, it is essential to explore various perspectives before making a decision. Research analysts affirm that while the fund has a "Hold" rating, there are other stocks that might represent more appealing investment opportunities.

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