Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Drops By 73.7%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 66,246 shares, a decline of 73.7% from the May 14th total of 251,629 shares. Based on an average daily volume of 97,299 shares, the short-interest ratio is currently 0.7 days. Currently, 0.5% of the shares of the company are sold short.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 4.2%

FDT stock traded up $3.90 during midday trading on Thursday, reaching $97.33. 124,570 shares of the company’s stock traded hands, compared to its average volume of 131,442. First Trust Developed Markets ex-US AlphaDEX Fund has a 52-week low of $66.82 and a 52-week high of $101.32. The stock has a market cap of $1.22 billion, a P/E ratio of 9.95 and a beta of 0.86. The stock’s 50-day moving average is $94.98 and its 200 day moving average is $88.83.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.3264 per share. This represents a $1.31 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, March 26th.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Triad Wealth Partners LLC purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the fourth quarter valued at approximately $586,000. Silver Oak Securities Incorporated increased its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 4.0% during the fourth quarter. Silver Oak Securities Incorporated now owns 16,224 shares of the company’s stock valued at $1,297,000 after buying an additional 629 shares during the last quarter. Private Advisory Group LLC increased its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 49.4% during the fourth quarter. Private Advisory Group LLC now owns 10,493 shares of the company’s stock valued at $834,000 after buying an additional 3,468 shares during the last quarter. Towerpoint Wealth LLC increased its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 0.9% during the fourth quarter. Towerpoint Wealth LLC now owns 31,571 shares of the company’s stock valued at $2,508,000 after buying an additional 290 shares during the last quarter. Finally, Worth Asset Management LLC purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the fourth quarter valued at approximately $200,000.

First Trust Developed Markets ex-US AlphaDEX Fund Company Profile

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.