Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Declines By 82.5%

Key Points

• Short interest fell 82.5% to 5,072 shares as of July 31, down from 29,039 shares on July 15. Short interest now represents approximately 0.0% of FDT’s shares outstanding.
• FDT traded at $95.10, with a $1.35 billion market capitalization and a 52-week range of $71.94 to $101.32.
• The fund increased its quarterly dividend to $0.7816 per share, equivalent to an annualized $3.13 dividend and a 3.3% yield.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 5,072 shares, a decline of 82.5% from the July 15th total of 29,039 shares. Based on an average daily volume of 161,345 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company's shares are sold short.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

FDT traded up $1.73 during midday trading on Wednesday, reaching $95.10. 19,141 shares of the company were exchanged, compared to its average volume of 129,478. The stock has a market capitalization of $1.35 billion, a P/E ratio of 9.95 and a beta of 0.88. First Trust Developed Markets ex-US AlphaDEX Fund has a one year low of $71.94 and a one year high of $101.32. The stock's 50-day simple moving average is $93.65 and its 200 day simple moving average is $92.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The company also recently declared 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. This represents a $3.13 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% in the second quarter. JPMorgan Chase & Co. now owns 588 shares of the company's stock worth $40,000 after acquiring an additional 458 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake 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. Smartleaf Asset Management LLC raised its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 223.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 591 shares of the company's stock worth $47,000 after buying an additional 408 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at approximately $64,000. Finally, Noble Wealth Management PBC acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at approximately $76,000.

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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