First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Stock Short Interest Falls 36.6%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 26,557 shares, a decrease of 36.6% from the September 15th total of 41,915 shares. Based on an average trading volume of 116,249 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

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

A number of hedge funds have recently bought and sold shares of the company. Richmond Investment Services LLC boosted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 5.6% during the 1st quarter. Richmond Investment Services LLC now owns 2,959 shares of the company’s stock valued at $257,000 after purchasing an additional 157 shares during the period. Tucker Asset Management LLC lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 6.6% in the second quarter. Tucker Asset Management LLC now owns 2,812 shares of the company’s stock valued at $266,000 after buying an additional 174 shares during the last quarter. HBW Advisory Services LLC lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 1.1% in the first quarter. HBW Advisory Services LLC now owns 17,002 shares of the company’s stock valued at $1,478,000 after buying an additional 191 shares during the last quarter. Flagstar Advisors Inc. lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 2.2% in the first quarter. Flagstar Advisors Inc. now owns 11,525 shares of the company’s stock valued at $1,002,000 after buying an additional 253 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,753 shares of the company’s stock valued at $545,000 after acquiring an additional 308 shares during the period.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

Shares of NASDAQ:FDT opened at $90.79 on Friday. The company has a market cap of $1.39 billion, a P/E ratio of 9.95 and a beta of 0.89. First Trust Developed Markets ex-US AlphaDEX Fund has a one year low of $74.60 and a one year high of $101.32. The business’s 50-day simple moving average is $94.90 and its 200 day simple moving average is $94.39.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.5323 per share. This is a negative change from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.7816. The ex-dividend date was Thursday, September 24th. This represents a $2.13 dividend on an annualized basis and a yield of 2.3%.

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.