Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Expands By 650.0%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 13,500 shares, a growth of 650.0% from the March 15th total of 1,800 shares. Based on an average daily trading volume, of 41,300 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company's stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FDT. FMR LLC increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 220.8% in the 3rd quarter. FMR LLC now owns 555 shares of the company's stock valued at $32,000 after acquiring an additional 382 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the third quarter valued at $35,000. Farther Finance Advisors LLC raised its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 55.5% in the first quarter. Farther Finance Advisors LLC now owns 1,034 shares of the company's stock valued at $60,000 after buying an additional 369 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 26.9% during the fourth quarter. GAMMA Investing LLC now owns 2,177 shares of the company's stock worth $118,000 after buying an additional 462 shares during the period. Finally, Tucker Asset Management LLC grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 39.1% during the fourth quarter. Tucker Asset Management LLC now owns 2,635 shares of the company's stock worth $143,000 after buying an additional 741 shares during the last quarter.

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

Shares of NASDAQ FDT traded up $0.26 during mid-day trading on Friday, reaching $58.67. The company had a trading volume of 19,489 shares, compared to its average volume of 40,978. First Trust Developed Markets ex-US AlphaDEX Fund has a 52-week low of $50.47 and a 52-week high of $61.02. The stock has a market cap of $424.77 million, a P/E ratio of 9.11 and a beta of 0.96. The firm has a 50 day simple moving average of $58.00 and a two-hundred day simple moving average of $56.47.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.1074 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, March 27th.

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.