First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Short Interest Down 77.3% in July

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 29,039 shares, a drop of 77.3% from the June 30th total of 128,116 shares. Based on an average daily trading volume, of 110,394 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

Shares of First Trust Developed Markets ex-US AlphaDEX Fund stock traded down $0.20 during trading hours on Monday, reaching $90.38. 145,818 shares of the company were exchanged, compared to its average volume of 125,855. First Trust Developed Markets ex-US AlphaDEX Fund has a 1 year low of $69.02 and a 1 year high of $101.32. The stock’s fifty day moving average is $95.34 and its 200 day moving average is $92.23. The firm has a market cap of $1.27 billion, a PE ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

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

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

A number of hedge funds have recently bought and sold shares of FDT. Cullen Frost Bankers Inc. grew its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 50.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 529 shares of the company’s stock worth $42,000 after buying an additional 178 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% in 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 in the last quarter. Smartleaf Asset Management LLC raised its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 223.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 591 shares of the company’s stock valued at $47,000 after acquiring an additional 408 shares in the last quarter. Noble Wealth Management PBC purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter worth approximately $76,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter worth approximately $64,000.

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.