Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Grows By 664.0%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 38,749 shares, an increase of 664.0% from the July 30th total of 5,072 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 105,215 shares, the days-to-cover ratio is currently 0.4 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Richmond Investment Services LLC raised its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.6% during the first quarter. Richmond Investment Services LLC now owns 2,959 shares of the company’s stock valued at $257,000 after acquiring an additional 157 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in First Trust Developed Markets ex-US AlphaDEX Fund by 50.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 529 shares of the company’s stock valued at $42,000 after purchasing an additional 178 shares during the period. HBW Advisory Services LLC raised its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 1.1% in the 1st quarter. HBW Advisory Services LLC now owns 17,002 shares of the company’s stock worth $1,478,000 after purchasing an additional 191 shares in the last quarter. MML Investors Services LLC lifted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.2% in the 2nd quarter. MML Investors Services LLC now owns 16,617 shares of the company’s stock worth $1,143,000 after purchasing an additional 196 shares during the period. Finally, Centaurus Financial Inc. lifted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 11.5% in the 3rd quarter. Centaurus Financial Inc. now owns 1,938 shares of the company’s stock worth $146,000 after purchasing an additional 200 shares during the period.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

FDT stock traded up $0.45 during mid-day trading on Thursday, hitting $96.47. The company had a trading volume of 26,033 shares, compared to its average volume of 128,649. The firm has a market cap of $1.37 billion, a PE ratio of 9.95 and a beta of 0.88. First Trust Developed Markets ex-US AlphaDEX Fund has a 12 month low of $71.94 and a 12 month high of $101.32. The stock’s fifty day moving average price is $93.21 and its two-hundred day moving average price is $93.42.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.7816 dividend. This is an increase from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.33. This represents a $3.13 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, June 25th.

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.