First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Short Interest Update

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 128,116 shares, an increase of 129.2% from the June 15th total of 55,893 shares. Based on an average daily volume of 105,559 shares, the short-interest ratio is presently 1.2 days. Approximately 0.9% of the company’s shares are sold short.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 1.5%

FDT stock traded up $1.36 during mid-day trading on Tuesday, reaching $91.48. 61,139 shares of the stock traded hands, compared to its average volume of 127,777. First Trust Developed Markets ex-US AlphaDEX Fund has a 52-week low of $68.17 and a 52-week high of $101.32. The stock’s fifty day moving average is $96.70 and its 200-day moving average is $91.55. The company has a market cap of $1.29 billion, a P/E ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.7816 per share. This is an increase from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.33. This represents a $3.13 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Thursday, June 25th.

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

Several hedge funds have recently made changes to their positions in FDT. Morgan Stanley lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 3.4% in the 4th quarter. Morgan Stanley now owns 1,107,012 shares of the company’s stock worth $87,948,000 after acquiring an additional 36,023 shares in the last quarter. LPL Financial LLC increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 12.3% in the 4th quarter. LPL Financial LLC now owns 844,377 shares of the company’s stock valued at $67,083,000 after purchasing an additional 92,554 shares during the period. Wells Fargo & Company MN increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 10.0% in the 4th quarter. Wells Fargo & Company MN now owns 418,051 shares of the company’s stock valued at $33,213,000 after purchasing an additional 37,903 shares during the period. UBS Group AG increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 26.5% in the 4th quarter. UBS Group AG now owns 284,768 shares of the company’s stock valued at $22,624,000 after purchasing an additional 59,574 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.4% in the first quarter. Cetera Investment Advisers now owns 283,400 shares of the company’s stock worth $24,636,000 after purchasing an additional 14,574 shares in the last quarter.

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.