First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Stock Short Interest Jumps 87.2%

Key Points

• Short interest surged 87.2% to 49,709 shares as of October 15, representing 0.3% of shares outstanding and just 0.3 days of average trading volume.
• FDT was trading at $88.55, down 1.3%, with a 12-month range of $74.60 to $101.32 and a market capitalization of approximately $1.35 billion.
• The fund reduced its quarterly dividend to $0.5323 per share from $0.7816, implying annualized dividends of $2.13 and a 2.4% yield; several institutional investors nevertheless increased their holdings.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 49,709 shares, a growth of 87.2% from the September 30th total of 26,557 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 164,657 shares, the short-interest ratio is currently 0.3 days.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Down 1.3%

NASDAQ:FDT opened at $88.55 on Friday. First Trust Developed Markets ex-US AlphaDEX Fund has a twelve month low of $74.60 and a twelve month high of $101.32. The company has a market cap of $1.35 billion, a PE ratio of 9.95 and a beta of 0.89. The company's 50 day moving average is $93.83 and its two-hundred day moving average is $92.91.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.5323 per share. The ex-dividend date was Thursday, September 24th. This is a decrease from First Trust Developed Markets ex-US AlphaDEX Fund's previous quarterly dividend of $0.7816. This represents a $2.13 annualized dividend and a dividend yield of 2.4%.

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

A number of large investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter valued at approximately $321,000. Tucker Asset Management LLC lifted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 8.9% in the third quarter. Tucker Asset Management LLC now owns 3,061 shares of the company's stock valued at $287,000 after acquiring an additional 249 shares during the period. Signature Equity Partners LLC lifted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 1,866.3% in the third quarter. Signature Equity Partners LLC now owns 5,486 shares of the company's stock valued at $514,000 after acquiring an additional 5,207 shares during the period. XML Financial LLC boosted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 160.1% in the 3rd quarter. XML Financial LLC now owns 8,950 shares of the company's stock worth $839,000 after purchasing an additional 5,509 shares in the last quarter. Finally, MGO One Seven LLC boosted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 279.5% in the 3rd quarter. MGO One Seven LLC now owns 26,954 shares of the company's stock worth $2,525,000 after purchasing an additional 19,852 shares in the last quarter.

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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