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

The First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a significant reduction in short interest during December. As of December 15th, the total short interest amounted to 2,800 shares, marking a decline of 57.6% compared to the November 30th total of 6,600 shares. Given the average daily trading volume of 9,400 shares, the current days-to-cover ratio stands at 0.3 days.

Institutional Investors Update

In recent weeks, several institutional investors and hedge funds have adjusted their holdings related to the First Trust United Kingdom AlphaDEX Fund. Notably, during the third quarter, Benjamin Edwards Inc. made a new investment in FKU shares, valued at approximately $2,394,000. Additionally, Rathbones Group PLC increased its stake by 18.1% during the second quarter, now holding 44,590 shares worth $1,700,000 after acquiring 6,823 additional shares. Furthermore, Quantinno Capital Management LP bolstered its position by 15.5% in the third quarter, now possessing 10,995 shares valued at $460,000 after buying 1,477 more shares last quarter.

Market Performance

The shares of FKU fell by 1.2% during midday trading on Friday, reaching a price of $38.06. A total of 3,013 shares exchanged hands, in contrast to the average volume of 11,792. The market capitalization for the fund is approximately $72.31 million, with a P/E ratio of 12.45 and a beta of 1.18. Over the past 50 days, the moving average price was $39.61, while the 200-day moving average price was $39.76. The fund has experienced a 1-year low of $34.14 and a 1-year high of $42.54.

Dividend Announcement

The fund recently announced a dividend, which is scheduled for payment on Tuesday, December 31st. Shareholders who were on record as of Friday, December 13th, will receive a dividend of $0.6439 per share. The ex-dividend date for this payout was also December 13th.

About the First Trust United Kingdom AlphaDEX Fund

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that tracks the NASDAQ AlphaDEX United Kingdom index. This fund is designed to follow an equal-weighted index that consists of 75 companies selected through the NASDAQ AlphaDEX selection methodology. FKU was launched on February 14, 2012, and is managed by First Trust.

Investment Insights

Before considering an investment in the First Trust United Kingdom AlphaDEX Fund, it is crucial to examine other investment options. Many top analysts have identified stocks that show greater potential than FKU. Despite currently holding a "Hold" rating among analysts, some experts believe that other stocks might present better investment opportunities.

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