Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Decreases By 61.8%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 50,516 shares, a decrease of 61.8% from the November 30th total of 132,069 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 66,622 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 66,622 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in FDT. Centaurus Financial Inc. increased its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 11.5% in the third quarter. Centaurus Financial Inc. now owns 1,938 shares of the company’s stock valued at $146,000 after buying an additional 200 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 305.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,799 shares of the company’s stock worth $286,000 after acquiring an additional 2,861 shares in the last quarter. Equitable Holdings Inc. bought a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter valued at approximately $466,000. Comerica Bank raised its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.7% during the 3rd quarter. Comerica Bank now owns 21,915 shares of the company’s stock valued at $1,652,000 after acquiring an additional 357 shares in the last quarter. Finally, GeoWealth Management LLC raised its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 35.2% during the 3rd quarter. GeoWealth Management LLC now owns 3,661 shares of the company’s stock valued at $276,000 after acquiring an additional 953 shares in the last quarter.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

Shares of NASDAQ FDT traded down $0.34 during midday trading on Friday, reaching $79.67. 17,130 shares of the company’s stock were exchanged, compared to its average volume of 43,796. First Trust Developed Markets ex-US AlphaDEX Fund has a 52-week low of $51.33 and a 52-week high of $80.63. The business’s fifty day moving average price is $77.65 and its two-hundred day moving average price is $73.87. The stock has a market capitalization of $708.22 million, a PE ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a dividend of $1.109 per share. The ex-dividend date is Friday, December 12th. This represents a $4.44 annualized dividend and a yield of 5.6%. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41.

About First Trust Developed Markets ex-US AlphaDEX Fund

The First Trust Developed Markets Ex-US AlphaDEX Fund (FDT) is an exchange-traded fund that is based on the NASDAQ AlphaDEX DM Ex-US index. The fund tracks an index of international, developed-market stocks, selected by growth and value factors and equal-weighted in tiers. FDT was launched on Apr 18, 2011 and is managed by First Trust.