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

Key Points

• The First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) experienced a 159.4% increase in short interest from mid-September to the end of September, reaching a total of 16,600 shares.
• Several institutional investors have changed their stakes in FDT, with Farther Finance Advisors LLC increasing its investment by 55.5% during the first quarter.
• The fund's stock traded down 0.9% to $75.32, while the company declared a quarterly dividend of $0.4076 per share, reflecting a yield of 2.2%.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 16,600 shares, a growth of 159.4% from the September 15th total of 6,400 shares. Based on an average trading volume of 42,400 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 42,400 shares, the days-to-cover ratio is currently 0.4 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDT. Farther Finance Advisors LLC increased its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 55.5% during the first quarter. Farther Finance Advisors LLC now owns 1,034 shares of the company's stock worth $60,000 after acquiring an additional 369 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 0.9% in the first quarter. Janney Montgomery Scott LLC now owns 32,813 shares of the company's stock valued at $1,911,000 after purchasing an additional 298 shares during the last quarter. Synergy Asset Management LLC purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the first quarter valued at about $2,544,000. LVZ Inc. boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 8.8% in the first quarter. LVZ Inc. now owns 33,570 shares of the company's stock valued at $1,955,000 after purchasing an additional 2,716 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 15.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 112,770 shares of the company's stock valued at $6,569,000 after purchasing an additional 15,196 shares during the last quarter.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Down 0.9%

NASDAQ:FDT traded down $0.68 on Friday, hitting $75.32. 18,571 shares of the stock were exchanged, compared to its average volume of 40,180. The stock has a market cap of $669.59 million, a PE ratio of 9.95 and a beta of 0.96. The stock has a fifty day moving average of $74.45 and a 200-day moving average of $68.25. First Trust Developed Markets ex-US AlphaDEX Fund has a fifty-two week low of $51.33 and a fifty-two week high of $77.04.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.4076 per share. The ex-dividend date was Thursday, September 25th. This represents a $1.63 annualized dividend and a yield of 2.2%.

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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