First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Shares Shorted: Short Interest Down 36.6% in September

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 26,557 shares, a decline of 36.6% from the September 15th total of 41,915 shares. Based on an average daily trading volume, of 116,249 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

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

Large investors have recently added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC acquired a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at approximately $25,000. Noble Wealth Management PBC bought a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter worth $76,000. Western Wealth Management LLC bought a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 1st quarter worth about $91,000. Topsail Wealth Management LLC lifted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 55.8% in the first quarter. Topsail Wealth Management LLC now owns 1,117 shares of the company’s stock worth $97,000 after acquiring an additional 400 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 30.2% during the 1st quarter. Centaurus Financial Inc. now owns 1,943 shares of the company’s stock valued at $169,000 after purchasing an additional 451 shares during the period.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 0.4%

FDT stock opened at $90.86 on Friday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 9.95 and a beta of 0.89. The business has a fifty day simple moving average of $94.96 and a 200-day simple moving average of $94.41. First Trust Developed Markets ex-US AlphaDEX Fund has a 52 week low of $74.60 and a 52 week high of $101.32.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.5323 per share. This represents a $2.13 dividend on an annualized basis and a yield of 2.3%. This is a drop from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.7816. The ex-dividend date of this dividend was Thursday, September 24th.

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.