Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Declines By 88.8%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 2,300 shares, a drop of 88.8% from the October 31st total of 20,600 shares. Based on an average trading volume of 22,800 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in FDT. Benjamin Edwards Inc. boosted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 2,612.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 73,665 shares of the company’s stock valued at $4,248,000 after buying an additional 70,949 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 342.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 72,273 shares of the company’s stock valued at $3,980,000 after buying an additional 55,922 shares during the last quarter. Cetera Investment Advisers grew its position in First Trust Developed Markets ex-US AlphaDEX Fund by 64.2% during the 1st quarter. Cetera Investment Advisers now owns 138,809 shares of the company’s stock valued at $7,790,000 after purchasing an additional 54,261 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 222.2% in the 1st quarter. Cetera Advisors LLC now owns 50,646 shares of the company’s stock worth $2,842,000 after purchasing an additional 34,928 shares in the last quarter. Finally, Jane Street Group LLC raised its position in First Trust Developed Markets ex-US AlphaDEX Fund by 60.5% in the 3rd quarter. Jane Street Group LLC now owns 38,204 shares of the company’s stock worth $2,203,000 after buying an additional 14,395 shares during the last quarter.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

Shares of NASDAQ FDT traded up $0.74 during midday trading on Friday, reaching $56.40. The company’s stock had a trading volume of 8,463 shares, compared to its average volume of 27,018. The firm has a 50 day moving average price of $56.60 and a 200-day moving average price of $56.18. First Trust Developed Markets ex-US AlphaDEX Fund has a 12-month low of $50.47 and a 12-month high of $58.95. The stock has a market capitalization of $414.00 million, a P/E ratio of 7.34 and a beta of 0.96.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.2465 per share. This represents a $0.99 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, September 26th.

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.