First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Short Interest Update

Key Points

• Short interest surged 664% to 38,749 shares as of August 14, up from 5,072 shares on July 30. Despite the increase, only about 0.3% of FDT’s shares were sold short, with a short-interest ratio of 0.4 days.
• FDT opened at $96.30, with a $1.37 billion market capitalization and a trading range of $71.94 to $101.32 over the past year.
• The ETF increased its quarterly dividend to $0.7816 per share from $0.33, representing an annualized payout of $3.13 and a 3.2% yield.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 38,749 shares, an increase of 664.0% from the July 30th total of 5,072 shares. Based on an average daily volume of 105,215 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company's shares are sold short.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

NASDAQ FDT opened at $96.30 on Wednesday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 9.95 and a beta of 0.88. The business has a 50 day simple moving average of $93.26 and a 200 day simple moving average of $93.36. First Trust Developed Markets ex-US AlphaDEX Fund has a one year low of $71.94 and a one year high of $101.32.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.7816 per share. This is a positive change from First Trust Developed Markets ex-US AlphaDEX Fund's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $3.13 annualized dividend and a dividend yield of 3.2%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Richmond Investment Services LLC grew its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.6% in the first quarter. Richmond Investment Services LLC now owns 2,959 shares of the company's stock valued at $257,000 after purchasing an additional 157 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 50.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 529 shares of the company's stock worth $42,000 after purchasing an additional 178 shares in the last quarter. HBW Advisory Services LLC boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 1.1% in the 1st quarter. HBW Advisory Services LLC now owns 17,002 shares of the company's stock worth $1,478,000 after purchasing an additional 191 shares during the period. MML Investors Services LLC boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 1.2% in the 2nd quarter. MML Investors Services LLC now owns 16,617 shares of the company's stock worth $1,143,000 after purchasing an additional 196 shares during the period. Finally, Centaurus Financial Inc. boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 11.5% in the 3rd quarter. Centaurus Financial Inc. now owns 1,938 shares of the company's stock worth $146,000 after purchasing an additional 200 shares during the period.

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.

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