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

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 61,800 shares, a growth of 965.5% from the August 15th total of 5,800 shares. Based on an average daily trading volume, of 26,800 shares, the days-to-cover ratio is presently 2.3 days.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 0.7 %

Shares of FDT stock traded up $0.40 during trading on Thursday, reaching $55.57. The company’s stock had a trading volume of 16,711 shares, compared to its average volume of 27,954. The business has a fifty day moving average price of $55.72 and a 200-day moving average price of $55.61. The company has a market cap of $424.55 million, a price-to-earnings ratio of 7.34 and a beta of 0.96. First Trust Developed Markets ex-US AlphaDEX Fund has a one year low of $46.90 and a one year high of $58.00.

First Trust Developed Markets ex-US AlphaDEX Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.8713 per share. This represents a $3.49 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDT. International Assets Investment Management LLC bought a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at about $53,000. Hilltop National Bank acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at about $80,000. GAMMA Investing LLC grew its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 11,333.3% in the second quarter. GAMMA Investing LLC now owns 1,715 shares of the company’s stock valued at $94,000 after acquiring an additional 1,700 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the fourth quarter valued at about $110,000. Finally, TrueWealth Advisors LLC acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at about $211,000.

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.