First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Sees Significant Increase in Short Interest

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 3,500 shares, an increase of 20.7% from the February 13th total of 2,900 shares. Based on an average daily volume of 10,100 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quantinno Capital Management LP lifted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 9.6% during the fourth quarter. Quantinno Capital Management LP now owns 12,050 shares of the company’s stock worth $459,000 after buying an additional 1,055 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund during the fourth quarter worth approximately $582,000. Raymond James Financial Inc. acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund during the fourth quarter worth approximately $601,000. Citadel Advisors LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund during the fourth quarter worth approximately $2,033,000. Finally, Rathbones Group PLC lifted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 2.8% during the fourth quarter. Rathbones Group PLC now owns 59,264 shares of the company’s stock worth $2,257,000 after buying an additional 1,622 shares during the last quarter.

First Trust United Kingdom AlphaDEX Fund Price Performance

FKU traded up $0.14 on Wednesday, hitting $41.14. The company had a trading volume of 2,482 shares, compared to its average volume of 8,179. First Trust United Kingdom AlphaDEX Fund has a 1-year low of $35.33 and a 1-year high of $42.54. The stock has a market cap of $65.82 million, a price-to-earnings ratio of 13.35 and a beta of 1.18. The company’s fifty day moving average price is $39.54 and its 200 day moving average price is $39.83.

First Trust United Kingdom AlphaDEX Fund Company Profile

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that is based on the NASDAQ AlphaDEX United Kingdom index. The fund tracks a tiered equal-weighted index of 75 companies selected based on NASDAQs AlphaDEX selection methodology. FKU was launched on Feb 14, 2012 and is managed by First Trust.