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

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 7,900 shares, an increase of 75.6% from the June 15th total of 4,500 shares. Based on an average trading volume of 26,900 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 0.3 %

FDT stock traded up $0.16 during trading on Friday, hitting $57.06. 19,056 shares of the company’s stock traded hands, compared to its average volume of 28,776. First Trust Developed Markets ex-US AlphaDEX Fund has a 1 year low of $46.90 and a 1 year high of $57.94. The business has a fifty day simple moving average of $56.18 and a two-hundred day simple moving average of $54.54. The firm has a market capitalization of $424.53 million, a P/E ratio of 7.34 and a beta of 0.96.

First Trust Developed Markets ex-US AlphaDEX Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a $0.8713 dividend. The ex-dividend date was Thursday, June 27th. This represents a $3.49 dividend on an annualized basis and a yield of 6.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Hilltop National Bank acquired a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter worth about $80,000. GAMMA Investing LLC grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 11,333.3% during the second quarter. GAMMA Investing LLC now owns 1,715 shares of the company’s stock valued at $94,000 after buying an additional 1,700 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 4th quarter valued at $110,000. Benjamin Edwards Inc. raised its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 13.9% in the 4th quarter. Benjamin Edwards Inc. now owns 2,652 shares of the company’s stock worth $139,000 after acquiring an additional 324 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. grew its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 39.8% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 7,976 shares of the company’s stock valued at $419,000 after purchasing an additional 2,271 shares during 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.