First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Short Interest Up 25.5% in December

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 63,383 shares, a growth of 25.5% from the December 15th total of 50,516 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 46,489 shares, the short-interest ratio is presently 1.4 days. Based on an average daily trading volume, of 46,489 shares, the short-interest ratio is presently 1.4 days. Currently, 0.6% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in FDT. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter valued at about $26,000. JPMorgan Chase & Co. lifted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% during the second quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock valued at $40,000 after acquiring an additional 458 shares during the last quarter. Topsail Wealth Management LLC acquired a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the third quarter valued at approximately $54,000. Northwestern Mutual Wealth Management Co. purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter worth $64,000. Finally, Hilltop National Bank purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter worth $100,000.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

NASDAQ FDT traded up $0.34 during midday trading on Monday, hitting $84.70. 61,628 shares of the company traded hands, compared to its average volume of 122,512. The company has a market cap of $867.33 million, a PE ratio of 9.95 and a beta of 0.87. The company’s 50-day simple moving average is $79.40 and its 200-day simple moving average is $75.54. First Trust Developed Markets ex-US AlphaDEX Fund has a 52 week low of $51.33 and a 52 week high of $84.88.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $1.109 per share. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. This represents a $4.44 dividend on an annualized basis and a yield of 5.2%.

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.