Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Increases By 129.2%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 128,116 shares, an increase of 129.2% from the June 15th total of 55,893 shares. Based on an average daily trading volume, of 105,559 shares, the short-interest ratio is presently 1.2 days. Approximately 0.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 2,056.9% in the 1st quarter. First Trust Advisors LP now owns 258,270 shares of the company’s stock worth $22,451,000 after buying an additional 246,296 shares during the last quarter. Janney Montgomery Scott LLC grew its position in First Trust Developed Markets ex-US AlphaDEX Fund by 547.3% during the first quarter. Janney Montgomery Scott LLC now owns 256,428 shares of the company’s stock valued at $22,291,000 after acquiring an additional 216,814 shares during the last quarter. SMI Advisory Services LLC purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the fourth quarter worth approximately $13,842,000. Independent Financial Group LLC purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the first quarter worth approximately $8,141,000. Finally, LPL Financial LLC lifted its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 12.3% in the 4th quarter. LPL Financial LLC now owns 844,377 shares of the company’s stock worth $67,083,000 after acquiring an additional 92,554 shares during the last quarter.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Down 1.5%

Shares of NASDAQ:FDT traded down $1.33 during trading on Thursday, reaching $90.24. The company had a trading volume of 70,317 shares, compared to its average volume of 127,126. The company has a fifty day moving average of $96.47 and a two-hundred day moving average of $91.72. The stock has a market capitalization of $1.27 billion, a P/E ratio of 9.95 and a beta of 0.87. First Trust Developed Markets ex-US AlphaDEX Fund has a 12 month low of $68.27 and a 12 month high of $101.32.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.7816 dividend. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.33. This represents a $3.13 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Thursday, June 25th.

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.