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

Key Points

• Short interest fell sharply in March — down 66.0% to 17,407 shares (about 0.1% of shares outstanding) with a days-to-cover ratio of just 0.1 days.
• The fund paid a quarterly dividend of $0.3264 on March 31 (annualized $1.31), implying a yield of about 1.4%.
• Institutional activity picked up in Q4, with several firms initiating or increasing stakes, notably Crusonia Wealth Advisors' $5.03M new position and NewEdge Advisors more than doubling its holdings to 12,895 shares.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 17,407 shares, a decrease of 66.0% from the March 15th total of 51,237 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 156,709 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 0.5%

FDT stock opened at $92.32 on Friday. The company has a market capitalization of $1.16 billion, a P/E ratio of 9.95 and a beta of 0.85. First Trust Developed Markets ex-US AlphaDEX Fund has a twelve month low of $54.15 and a twelve month high of $97.51. The business has a 50 day simple moving average of $90.38 and a 200-day simple moving average of $82.92.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.3264 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.31 annualized dividend and a dividend yield of 1.4%.

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

Several hedge funds have recently modified their holdings of the stock. J. Derek Lewis & Associates Inc. acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the fourth quarter worth $220,000. Rockefeller Capital Management L.P. lifted its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 79.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,136 shares of the company's stock worth $249,000 after purchasing an additional 1,389 shares during the period. World Investment Advisors acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the fourth quarter worth $257,000. NewEdge Advisors LLC lifted its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 100.5% during the fourth quarter. NewEdge Advisors LLC now owns 12,895 shares of the company's stock worth $1,024,000 after purchasing an additional 6,464 shares during the period. Finally, Crusonia Wealth Advisors LLC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the fourth quarter worth $5,034,000.

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.

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