Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Rises By 534.8%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 251,629 shares, an increase of 534.8% from the April 30th total of 39,636 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily trading volume, of 138,043 shares, the short-interest ratio is currently 1.8 days.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

Shares of FDT stock opened at $100.76 on Friday. The firm has a market cap of $1.26 billion, a PE ratio of 9.95 and a beta of 0.85. First Trust Developed Markets ex-US AlphaDEX Fund has a 1-year low of $65.06 and a 1-year high of $101.18. The company has a 50-day moving average of $93.19 and a two-hundred day moving average of $87.62.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.3264 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.31 dividend on an annualized basis and a yield of 1.3%.

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

Several large investors have recently modified their holdings of the business. IFP Advisors Inc lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 5.6% in the 4th quarter. IFP Advisors Inc now owns 42,138 shares of the company’s stock valued at $3,348,000 after buying an additional 2,237 shares in the last quarter. MGO One Seven LLC purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the fourth quarter worth $273,000. Benjamin Edwards Inc. raised its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 16.4% in the fourth quarter. Benjamin Edwards Inc. now owns 142,768 shares of the company’s stock worth $11,345,000 after acquiring an additional 20,140 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.2% in the fourth quarter. D.A. Davidson & CO. now owns 18,576 shares of the company’s stock valued at $1,476,000 after acquiring an additional 915 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the fourth quarter valued at $586,000.

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.