First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Short Interest Down 58.1% in March

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 51,237 shares, a decrease of 58.1% from the February 26th total of 122,149 shares. Based on an average daily volume of 140,518 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley increased its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 3.4% during the fourth quarter. Morgan Stanley now owns 1,107,012 shares of the company’s stock worth $87,948,000 after acquiring an additional 36,023 shares during the period. LPL Financial LLC raised its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 12.3% during the fourth quarter. LPL Financial LLC now owns 844,377 shares of the company’s stock worth $67,083,000 after purchasing an additional 92,554 shares in the last quarter. Wells Fargo & Company MN lifted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 10.0% in the fourth quarter. Wells Fargo & Company MN now owns 418,051 shares of the company’s stock valued at $33,213,000 after purchasing an additional 37,903 shares during the period. UBS Group AG lifted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 26.5% in the fourth quarter. UBS Group AG now owns 284,768 shares of the company’s stock valued at $22,624,000 after purchasing an additional 59,574 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 2.7% in the 4th quarter. Cetera Investment Advisers now owns 268,826 shares of the company’s stock valued at $21,357,000 after purchasing an additional 7,106 shares in the last quarter.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

Shares of NASDAQ FDT opened at $87.74 on Thursday. The stock has a fifty day moving average price of $90.08 and a 200 day moving average price of $81.90. First Trust Developed Markets ex-US AlphaDEX Fund has a 1-year low of $51.33 and a 1-year high of $97.51. The company has a market cap of $937.94 million, a PE ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be paid a $0.3264 dividend. This represents a $1.31 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, March 26th.

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.