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 throughout December. As of December 15th, the total short interest was recorded at 2,800 shares, reflecting a substantial decrease of 57.6% from the 6,600 shares reported on November 30th. With an average trading volume of 9,400 shares, the days-to-cover ratio currently stands at 0.3 days.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Recent adjustments to holdings in the First Trust United Kingdom AlphaDEX Fund have been made by several institutional investors and hedge funds. For instance, Benjamin Edwards Inc. acquired a new stake in FKU shares during the third quarter, with an investment valued at approximately $2,394,000. In addition, Rathbones Group PLC increased its position by 18.1% in the second quarter, bringing its total to 44,590 shares, valued at around $1,700,000 after acquiring an additional 6,823 shares. Furthermore, Quantinno Capital Management LP raised its ownership by 15.5% in the third quarter, owning 10,995 shares, worth $460,000 following the purchase of an extra 1,477 shares last quarter.

First Trust United Kingdom AlphaDEX Fund Stock Movement

On Friday, FKU shares witnessed a decline of 1.2%, falling by $0.45 to reach a price of $38.06 during midday trading. The trading volume for the day was reported at 3,013 shares, which is lower than its average volume of 11,792 shares. The fund currently maintains 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 $39.76. Over the past year, the shares have fluctuated between a low of $34.14 and a high of $42.54.

First Trust United Kingdom AlphaDEX Fund Dividend Details

The company has also announced a dividend, with payment scheduled for December 31st. Shareholders who were on record as of December 13th will receive a dividend of $0.6439 per share. The ex-dividend date coincided with December 13th as well.

Overview of First Trust United Kingdom AlphaDEX Fund

The First Trust United Kingdom AlphaDEX Fund (FKU) operates as an exchange-traded fund (ETF) that reflects the NASDAQ AlphaDEX United Kingdom index. This fund tracks an index of 75 companies, chosen through NASDAQ's AlphaDEX selection methodology, and was officially launched on February 14, 2012, with management provided by First Trust.

Investment Insights

Before considering investment in the First Trust United Kingdom AlphaDEX Fund, it is essential to gather insights from market analysts. Presently, the fund is rated as a "Hold" among analysts, who believe that there might be better investment opportunities available. Specifically, they have highlighted five other stocks currently recommended for purchase.

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