Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Declines By 88.8%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 2,300 shares, a decrease of 88.8% from the October 31st total of 20,600 shares. Based on an average trading volume of 22,800 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FDT. Benjamin Edwards Inc. raised its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 2,612.3% in the third quarter. Benjamin Edwards Inc. now owns 73,665 shares of the company’s stock valued at $4,248,000 after buying an additional 70,949 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 342.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 72,273 shares of the company’s stock valued at $3,980,000 after acquiring an additional 55,922 shares during the period. Cetera Investment Advisers lifted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 64.2% during the 1st quarter. Cetera Investment Advisers now owns 138,809 shares of the company’s stock valued at $7,790,000 after purchasing an additional 54,261 shares during the last quarter. Cetera Advisors LLC boosted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 222.2% during the first quarter. Cetera Advisors LLC now owns 50,646 shares of the company’s stock worth $2,842,000 after purchasing an additional 34,928 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 60.5% in the third quarter. Jane Street Group LLC now owns 38,204 shares of the company’s stock valued at $2,203,000 after purchasing an additional 14,395 shares during the last quarter.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

NASDAQ FDT traded up $0.22 during trading hours on Wednesday, hitting $55.66. 18,561 shares of the company traded hands, compared to its average volume of 27,099. The business’s 50-day moving average is $56.66 and its 200-day moving average is $56.19. The stock has a market capitalization of $408.54 million, a price-to-earnings ratio of 7.34 and a beta of 0.96. First Trust Developed Markets ex-US AlphaDEX Fund has a twelve month low of $50.47 and a twelve month high of $58.95.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.2465 dividend. This represents a $0.99 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, September 26th.

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.