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

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

First Trust Developed Markets ex-US AlphaDEX Fund Trading Down 0.8%

FDT stock traded down $0.57 during midday trading on Friday, hitting $67.16. The company had a trading volume of 60,229 shares, compared to its average volume of 37,490. First Trust Developed Markets ex-US AlphaDEX Fund has a 52 week low of $50.47 and a 52 week high of $69.04. The stock's 50 day moving average price is $63.59 and its 200 day moving average price is $58.90. The stock has a market cap of $486.24 million, a price-to-earnings ratio of 9.49 and a beta of 0.96.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1074 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Thursday, March 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the 4th quarter worth $12,589,000. GAMMA Investing LLC increased its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 4,670.8% in the 1st quarter. GAMMA Investing LLC now owns 103,860 shares of the company's stock worth $6,050,000 after acquiring an additional 101,683 shares in the last quarter. Jones Financial Companies Lllp lifted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 24,464.6% during the 1st quarter. Jones Financial Companies Lllp now owns 91,626 shares of the company's stock valued at $5,337,000 after acquiring an additional 91,253 shares during the period. Bank of America Corp DE purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the 4th quarter valued at about $3,058,000. Finally, LPL Financial LLC boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 11.2% during the first quarter. LPL Financial LLC now owns 529,294 shares of the company's stock worth $30,831,000 after acquiring an additional 53,268 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.