First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Large Drop in Short Interest

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 122,149 shares, a decrease of 66.9% from the February 12th total of 368,841 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 143,032 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 143,032 shares, the short-interest ratio is presently 0.9 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the 3rd quarter valued at approximately $26,000. 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 purchasing an additional 458 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 223.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 591 shares of the company’s stock worth $47,000 after buying an additional 408 shares in the last quarter. Topsail Wealth Management LLC purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the third quarter worth about $54,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter valued at approximately $64,000.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 0.1%

Shares of First Trust Developed Markets ex-US AlphaDEX Fund stock opened at $89.66 on Wednesday. The stock’s 50-day simple moving average is $88.79 and its 200-day simple moving average is $80.82. First Trust Developed Markets ex-US AlphaDEX Fund has a 52 week low of $51.33 and a 52 week high of $97.51. The company has a market capitalization of $958.47 million, a price-to-earnings ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $1.109 per share. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.44 annualized dividend and a yield of 4.9%.

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.