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

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 4,000 shares, a decrease of 55.1% from the February 13th total of 8,900 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 34,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FDT. Raymond James Financial Inc. acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the fourth quarter valued at approximately $12,589,000. Benjamin Edwards Inc. increased its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 2,612.3% in the third 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. Bank of America Corp DE acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the fourth quarter valued at approximately $3,058,000. LPL Financial LLC increased its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 10.8% in the fourth quarter. LPL Financial LLC now owns 476,026 shares of the company’s stock valued at $25,743,000 after buying an additional 46,387 shares during the period. Finally, OneAscent Financial Services LLC acquired a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the 4th quarter valued at approximately $1,533,000.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 1.9 %

Shares of FDT stock traded up $1.09 on Friday, reaching $59.74. The company had a trading volume of 12,300 shares, compared to its average volume of 37,708. The stock has a market capitalization of $426.54 million, a PE ratio of 9.91 and a beta of 0.96. First Trust Developed Markets ex-US AlphaDEX Fund has a one year low of $50.47 and a one year high of $59.90. The business’s 50-day moving average is $56.65 and its 200 day moving average is $56.28.

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.