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

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 368,841 shares, a growth of 373.5% from the January 29th total of 77,900 shares. Based on an average daily trading volume, of 166,588 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.5% of the shares of the company are sold short. Approximately 3.5% of the shares of the company are sold short. Based on an average daily trading volume, of 166,588 shares, the days-to-cover ratio is currently 2.2 days.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

Shares of NASDAQ:FDT opened at $97.28 on Friday. The business’s 50 day simple moving average is $87.22 and its 200 day simple moving average is $79.86. 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 capitalization of $1.04 billion, a P/E ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $1.109 per share. The ex-dividend date of this dividend was Friday, December 12th. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. This represents a $4.44 dividend on an annualized basis and a dividend yield of 4.6%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of FDT. Morgan Stanley grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 3.4% during the 4th 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 boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 12.3% during the 4th quarter. LPL Financial LLC now owns 844,377 shares of the company’s stock valued at $67,083,000 after purchasing an additional 92,554 shares in the last quarter. Wells Fargo & Company MN grew its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 10.0% during the fourth quarter. Wells Fargo & Company MN now owns 418,051 shares of the company’s stock worth $33,213,000 after purchasing an additional 37,903 shares during the period. UBS Group AG increased its holdings 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 worth $22,624,000 after purchasing an additional 59,574 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 2.7% in the fourth quarter. Cetera Investment Advisers now owns 268,826 shares of the company’s stock valued at $21,357,000 after buying an additional 7,106 shares during the period.

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.