Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Rises By 534.8%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 251,629 shares, an increase of 534.8% from the April 30th total of 39,636 shares. Based on an average daily trading volume, of 138,043 shares, the days-to-cover ratio is currently 1.8 days. Currently, 2.0% of the shares of the company are short sold.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

NASDAQ FDT traded up $0.37 on Thursday, reaching $99.78. The stock had a trading volume of 17,763 shares, compared to its average volume of 130,313. First Trust Developed Markets ex-US AlphaDEX Fund has a 12-month low of $65.06 and a 12-month high of $100.93. The business’s 50-day moving average price is $92.72 and its 200 day moving average price is $87.37. The stock has a market cap of $1.25 billion, a P/E ratio of 9.95 and a beta of 0.85.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.3264 per share. This represents a $1.31 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, March 26th.

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

Several large investors have recently modified their holdings of FDT. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth approximately $26,000. JPMorgan Chase & Co. raised its stake in shares of 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 worth $40,000 after purchasing an additional 458 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 223.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 591 shares of the company’s stock worth $47,000 after purchasing an additional 408 shares during the last quarter. Topsail Wealth Management LLC purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth approximately $54,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during 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.