First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Short Interest Down 58.1% in March

Key Points

• Short interest fell 58.1% in March to 51,237 shares for First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT), leaving a short-interest ratio of 0.4 days and roughly 0.5% of shares sold short.
• Sizable institutional activity: Sage Private Wealth Group acquired a new stake worth about $12.76 million while other firms like Benjamin Edwards and Arkadios Wealth Advisors increased their positions, indicating growing institutional interest.
• FDT opened at $87.74 with a market cap near $938 million and a PE of 9.95, and the fund declared a quarterly dividend of $0.3264 (annualized $1.31, ~1.5% yield).

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 51,237 shares, a decline of 58.1% from the February 26th total of 122,149 shares. Based on an average daily volume of 140,518 shares, the short-interest ratio is currently 0.4 days. Currently, 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Institutional investors have recently modified their holdings of the business. Arkadios Wealth Advisors increased its position in First Trust Developed Markets ex-US AlphaDEX Fund by 5.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 8,912 shares of the company's stock valued at $672,000 after acquiring an additional 426 shares during the period. Sage Private Wealth Group LLC acquired a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the 3rd quarter worth approximately $12,761,000. Benjamin Edwards Inc. lifted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 14.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 122,628 shares of the company's stock worth $9,244,000 after acquiring an additional 15,856 shares during the period. Park Avenue Securities LLC grew its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 3.6% in the 3rd quarter. Park Avenue Securities LLC now owns 25,183 shares of the company's stock valued at $1,898,000 after purchasing an additional 867 shares during the last quarter. Finally, Keystone Wealth Services LLC purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter valued at approximately $261,000.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 1.4%

NASDAQ:FDT opened at $87.74 on Thursday. The stock's 50 day moving average price is $90.08 and its 200 day moving average price is $81.90. The company has a market capitalization of $937.94 million, a PE ratio of 9.95 and a beta of 0.87. First Trust Developed Markets ex-US AlphaDEX Fund has a 52-week low of $51.33 and a 52-week high of $97.51.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be given a dividend of $0.3264 per share. The ex-dividend date is Thursday, March 26th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.5%.

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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