Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Grows By 25.5%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 63,383 shares, an increase of 25.5% from the December 15th total of 50,516 shares. Based on an average daily trading volume, of 46,489 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.6% of the shares of the stock are short sold. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 46,489 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FDT. UBS Group AG raised its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 3.1% during the third quarter. UBS Group AG now owns 225,194 shares of the company’s stock valued at $16,973,000 after acquiring an additional 6,727 shares during the last quarter. Sage Private Wealth Group LLC purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter valued at approximately $12,761,000. SMI Advisory Services LLC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 4th quarter worth approximately $13,842,000. Assetmark Inc. lifted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 2.5% in the third quarter. Assetmark Inc. now owns 152,698 shares of the company’s stock valued at $11,509,000 after acquiring an additional 3,652 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 14.9% in the third quarter. Benjamin Edwards Inc. now owns 122,628 shares of the company’s stock valued at $9,244,000 after acquiring an additional 15,856 shares during the last quarter.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

Shares of NASDAQ FDT traded up $0.34 during midday trading on Friday, reaching $84.70. 61,628 shares of the stock traded hands, compared to its average volume of 122,512. First Trust Developed Markets ex-US AlphaDEX Fund has a one year low of $51.33 and a one year high of $84.88. The company’s 50 day moving average is $79.40 and its 200 day moving average is $75.54. The stock has a market capitalization of $867.33 million, a PE ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $1.109 dividend. This represents a $4.44 dividend on an annualized basis and a dividend yield of 5.2%. This is an increase from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, December 12th.

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.