Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Increases By 92.4%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 15,200 shares, an increase of 92.4% from the June 30th total of 7,900 shares. Based on an average daily trading volume, of 25,400 shares, the short-interest ratio is currently 0.6 days.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 1.7 %

FDT traded up $0.94 during trading hours on Friday, hitting $55.98. 17,501 shares of the company’s stock were exchanged, compared to its average volume of 28,258. First Trust Developed Markets ex-US AlphaDEX Fund has a 12-month low of $46.90 and a 12-month high of $57.94. The firm has a 50 day moving average of $56.24 and a 200 day moving average of $54.91. The firm has a market cap of $427.69 million, a P/E ratio of 7.34 and a beta of 0.96.

First Trust Developed Markets ex-US AlphaDEX Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.8713 per share. This represents a $3.49 annualized dividend and a yield of 6.23%. The ex-dividend date was Thursday, June 27th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDT. Patriot Financial Group Insurance Agency LLC acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the 4th quarter worth approximately $517,000. Flagstar Advisors Inc. grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 16.3% during the 4th quarter. Flagstar Advisors Inc. now owns 8,111 shares of the company’s stock worth $426,000 after acquiring an additional 1,136 shares in the last quarter. Mainsail Financial Group LLC grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 7.8% during the 4th quarter. Mainsail Financial Group LLC now owns 73,079 shares of the company’s stock worth $3,725,000 after acquiring an additional 5,289 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 4th quarter valued at $1,563,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 20,182 shares of the company’s stock valued at $1,060,000 after buying an additional 378 shares in the last quarter.

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.