Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Drops By 82.5%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 5,072 shares, a decrease of 82.5% from the July 15th total of 29,039 shares. Based on an average daily trading volume, of 161,345 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

Shares of FDT remained flat at $94.89 during trading on Thursday. 81,135 shares of the company’s stock were exchanged, compared to its average volume of 129,497. First Trust Developed Markets ex-US AlphaDEX Fund has a 1-year low of $71.94 and a 1-year high of $101.32. The firm has a market cap of $1.35 billion, a PE ratio of 9.95 and a beta of 0.88. The business’s fifty day moving average is $93.56 and its 200-day moving average is $92.93.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.7816 per share. This represents a $3.13 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.33.

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

Several institutional investors have recently added to or reduced their stakes in the stock. SMI Advisory Services LLC lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 2.4% during the second quarter. SMI Advisory Services LLC now owns 208,908 shares of the company’s stock worth $19,739,000 after purchasing an additional 4,923 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 38.2% in the second quarter. Redhawk Wealth Advisors Inc. now owns 40,596 shares of the company’s stock valued at $3,843,000 after buying an additional 11,218 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at $647,000. Noble Wealth Management PBC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at $76,000. Finally, Pine Valley Investments Ltd Liability Co raised its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 6.9% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 12,867 shares of the company’s stock valued at $1,119,000 after buying an additional 827 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.