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) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 77,900 shares, a growth of 34.3% from the January 15th total of 58,009 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 101,092 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 101,092 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.7% of the company’s shares are short sold.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 0.8%

Shares of FDT stock traded up $0.75 on Friday, reaching $93.46. The company had a trading volume of 466,187 shares, compared to its average volume of 133,033. The stock has a market cap of $999.09 million, a PE ratio of 9.95 and a beta of 0.87. The company has a 50-day moving average of $83.98 and a 200-day moving average of $78.23. First Trust Developed Markets ex-US AlphaDEX Fund has a 12 month low of $51.33 and a 12 month high of $94.35.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $1.109 dividend. This represents a $4.44 annualized dividend and a yield of 4.7%. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, December 12th.

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

A number of large investors have recently made changes to their positions in the company. Sage Private Wealth Group LLC bought a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth about $12,761,000. SMI Advisory Services LLC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the fourth quarter worth about $13,842,000. LPL Financial LLC raised its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 12.3% during the fourth quarter. LPL Financial LLC now owns 844,377 shares of the company’s stock worth $67,083,000 after purchasing an additional 92,554 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 197.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 106,772 shares of the company’s stock valued at $7,342,000 after purchasing an additional 70,929 shares in the last quarter. Finally, UBS Group AG grew its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 26.5% in the 4th quarter. UBS Group AG now owns 284,768 shares of the company’s stock valued at $22,624,000 after purchasing an additional 59,574 shares during the period.

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.