First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Stock Short Interest Falls 36.6%

Key Points

• Short interest declined 36.6% to 26,557 shares as of September 30, representing about 0.2% of FDT’s shares and a days-to-cover ratio of 0.2.
• Institutional ownership increased, with notable buying from First Trust Advisors, Janney Montgomery Scott, Envestnet Asset Management, Cetera Investment Advisers, and Royal Bank of Canada.
• FDT opened at $90.86, within its 12-month range of $74.60 to $101.32. Its quarterly dividend fell to $0.5323 from $0.7816, equating to an annualized yield of approximately 2.3%.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 26,557 shares, a drop of 36.6% from the September 15th total of 41,915 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 116,249 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 13.0% during the second quarter. Envestnet Asset Management Inc. now owns 393,613 shares of the company's stock worth $37,266,000 after acquiring an additional 45,226 shares during the period. Cetera Investment Advisers raised its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.4% in the first quarter. Cetera Investment Advisers now owns 283,400 shares of the company's stock valued at $24,636,000 after buying an additional 14,574 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 2,056.9% during the 1st quarter. First Trust Advisors LP now owns 258,270 shares of the company's stock worth $22,451,000 after purchasing an additional 246,296 shares during the period. Janney Montgomery Scott LLC grew its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 547.3% in the first quarter. Janney Montgomery Scott LLC now owns 256,428 shares of the company's stock valued at $22,291,000 after purchasing an additional 216,814 shares during the period. Finally, Royal Bank of Canada grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 14.6% in the 1st quarter. Royal Bank of Canada now owns 238,100 shares of the company's stock valued at $20,697,000 after buying an additional 30,265 shares during the period.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

Shares of First Trust Developed Markets ex-US AlphaDEX Fund stock opened at $90.86 on Friday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 9.95 and a beta of 0.89. First Trust Developed Markets ex-US AlphaDEX Fund has a 12 month low of $74.60 and a 12 month high of $101.32. The firm's fifty day simple moving average is $94.96 and its 200-day simple moving average is $94.41.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.5323 dividend. This is a drop from First Trust Developed Markets ex-US AlphaDEX Fund's previous quarterly dividend of $0.7816. The ex-dividend date was Thursday, September 24th. This represents a $2.13 annualized dividend and a yield of 2.3%.

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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