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

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 49,709 shares, a growth of 87.2% from the September 30th total of 26,557 shares. Based on an average trading volume of 164,657 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

A number of large investors have recently bought and sold shares of FDT. Noble Wealth Management PBC acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the 2nd quarter valued at $76,000. Western Wealth Management LLC purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 1st quarter worth $91,000. Centaurus Financial Inc. lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 30.2% during the 1st quarter. Centaurus Financial Inc. now owns 1,943 shares of the company’s stock worth $169,000 after purchasing an additional 451 shares during the period. Parallel Advisors LLC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the first quarter worth $203,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the first quarter worth $205,000.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 0.4%

Shares of FDT opened at $88.88 on Tuesday. The stock has a market cap of $1.36 billion, a P/E ratio of 9.95 and a beta of 0.89. The company has a 50-day moving average of $93.70 and a two-hundred day moving average of $92.93. First Trust Developed Markets ex-US AlphaDEX Fund has a 12-month low of $74.60 and a 12-month high of $101.32.

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. Investors of record on Thursday, September 24th were given a dividend of $0.5323 per share. The ex-dividend date was Thursday, September 24th. This represents a $2.13 annualized dividend and a dividend yield of 2.4%. This is a decrease from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.7816.

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.