First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Short Interest Down 62.8% in May

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 38,600 shares, a decrease of 62.8% from the April 30th total of 103,700 shares. Based on an average daily trading volume, of 35,500 shares, the short-interest ratio is presently 1.1 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FDT. Farther Finance Advisors LLC grew its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 55.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,034 shares of the company's stock worth $60,000 after purchasing an additional 369 shares during the period. Rossby Financial LCC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 1st quarter valued at approximately $86,000. Tucker Asset Management LLC boosted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 39.1% during the 4th quarter. Tucker Asset Management LLC now owns 2,635 shares of the company's stock worth $143,000 after acquiring an additional 741 shares in the last quarter. Baird Financial Group Inc. purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 4th quarter worth approximately $224,000. Finally, BlueChip Wealth Advisors LLC purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the 4th quarter valued at approximately $227,000.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 2.0%

Shares of NASDAQ FDT traded up $1.30 during midday trading on Monday, reaching $66.78. 38,282 shares of the company were exchanged, compared to its average volume of 37,659. The stock has a fifty day simple moving average of $60.32 and a 200 day simple moving average of $57.75. The stock has a market cap of $483.49 million, a P/E ratio of 9.49 and a beta of 0.96. First Trust Developed Markets ex-US AlphaDEX Fund has a 1 year low of $50.47 and a 1 year high of $66.79.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.1074 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.43 annualized dividend and a dividend yield of 0.64%.

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.