First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Large Growth in Short Interest

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 77,900 shares, an increase of 34.3% from the January 15th total of 58,009 shares. Based on an average daily volume of 101,092 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.7% of the shares of the company are sold short. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 101,092 shares, the days-to-cover ratio is presently 0.8 days.

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 the company. Cullen Frost Bankers Inc. bought a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth approximately $26,000. JPMorgan Chase & Co. grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock valued at $40,000 after buying an additional 458 shares in the last quarter. Smartleaf Asset Management LLC increased its position in First Trust Developed Markets ex-US AlphaDEX Fund by 223.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 591 shares of the company’s stock worth $47,000 after buying an additional 408 shares during the period. Topsail Wealth Management LLC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth $54,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at about $64,000.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 0.8%

Shares of NASDAQ FDT traded up $0.75 during mid-day trading on Friday, reaching $93.46. 466,187 shares of the company were exchanged, compared to its average volume of 133,033. The stock has a market capitalization of $999.09 million, a P/E ratio of 9.95 and a beta of 0.87. The company’s 50-day simple moving average is $83.98 and its 200-day simple moving average is $78.23. First Trust Developed Markets ex-US AlphaDEX Fund has a twelve month low of $51.33 and a twelve month high of $94.35.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $1.109 per share. This represents a $4.44 annualized dividend and a yield of 4.7%. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, December 12th.

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.