Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Increases By 25.1%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 48,300 shares, a growth of 25.1% from the May 15th total of 38,600 shares. Based on an average daily volume of 35,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.7% of the shares of the company are sold short.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

NASDAQ:FDT traded up $0.19 during mid-day trading on Wednesday, reaching $67.73. The stock had a trading volume of 40,378 shares, compared to its average volume of 37,293. First Trust Developed Markets ex-US AlphaDEX Fund has a 12 month low of $50.47 and a 12 month high of $69.04. The stock has a market capitalization of $490.37 million, a PE ratio of 9.49 and a beta of 0.96. The stock has a 50-day simple moving average of $63.14 and a two-hundred day simple moving average of $58.75.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.1074 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.63%.

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in FDT. Principal Securities Inc. lifted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 17.4% in the 4th quarter. Principal Securities Inc. now owns 5,212 shares of the company's stock worth $282,000 after purchasing an additional 772 shares during the period. Sanctuary Advisors LLC boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 13,478 shares of the company's stock worth $757,000 after purchasing an additional 630 shares in the last quarter. Truist Financial Corp boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 8.1% during the 4th quarter. Truist Financial Corp now owns 73,031 shares of the company's stock worth $3,950,000 after purchasing an additional 5,457 shares in the last quarter. Flagstar Advisors Inc. increased its position in First Trust Developed Markets ex-US AlphaDEX Fund by 14.9% in the 4th quarter. Flagstar Advisors Inc. now owns 10,846 shares of the company's stock valued at $587,000 after buying an additional 1,406 shares in the last quarter. Finally, IFP Advisors Inc increased its position in First Trust Developed Markets ex-US AlphaDEX Fund by 9.4% in the 4th quarter. IFP Advisors Inc now owns 45,749 shares of the company's stock valued at $2,474,000 after buying an additional 3,933 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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