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

Key Points

• First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) experienced a 52.1% increase in short interest in August, raising its total to 36,500 shares.
• The fund's recent quarterly dividend was declared at $0.976, significantly higher than the previous $0.11, indicating an annualized dividend yield of 5.3%.
• In terms of institutional activity, Bank of America and other firms have recently acquired or increased their stakes in the fund, reflecting growing interest.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 36,500 shares, agrowthof52.1% from the July 31st total of 24,000 shares. Based on an average daily trading volume, of 41,600 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 41,600 shares, the short-interest ratio is presently 0.9 days.

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

Shares of NASDAQ FDT traded up $0.36 on Friday, hitting $73.57. The company had a trading volume of 32,151 shares, compared to its average volume of 39,849. First Trust Developed Markets ex-US AlphaDEX Fund has a 12-month low of $51.33 and a 12-month high of $74.58. The business has a 50 day moving average of $71.11 and a two-hundred day moving average of $64.85. The firm has a market capitalization of $584.15 million, a P/E ratio of 9.95 and a beta of 0.96.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a $0.976 dividend. This represents a $3.90 annualized dividend and a dividend yield of 5.3%. This is a positive change from First Trust Developed Markets ex-US AlphaDEX Fund's previous quarterly dividend of $0.11. The ex-dividend date was Thursday, June 26th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FDT. Bank of America Corp DE acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the fourth quarter worth about $3,058,000. Baird Financial Group Inc. acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the fourth quarter worth about $224,000. Cetera Investment Advisers lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 8.9% in the fourth quarter. Cetera Investment Advisers now owns 155,616 shares of the company's stock worth $8,416,000 after acquiring an additional 12,676 shares in the last quarter. Snowden Capital Advisors LLC lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 0.7% in the fourth quarter. Snowden Capital Advisors LLC now owns 33,230 shares of the company's stock worth $1,797,000 after acquiring an additional 244 shares in the last quarter. Finally, GTS Securities LLC lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 12.5% in the fourth quarter. GTS Securities LLC now owns 17,257 shares of the company's stock worth $933,000 after acquiring an additional 1,918 shares in the last quarter.

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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