First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Large Increase in Short Interest

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 7,800 shares, a growth of 254.5% from the November 30th total of 2,200 shares. Based on an average daily volume of 24,800 shares, the days-to-cover ratio is currently 0.3 days.

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

Several hedge funds have recently bought and sold shares of FDT. Raymond James & Associates grew its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 139.3% during the second quarter. Raymond James & Associates now owns 24,717 shares of the company’s stock valued at $1,361,000 after purchasing an additional 14,388 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 6.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 79,988 shares of the company’s stock worth $4,404,000 after acquiring an additional 4,871 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 2nd quarter worth approximately $53,000. L & S Advisors Inc boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.9% during the 2nd quarter. L & S Advisors Inc now owns 28,407 shares of the company’s stock valued at $1,564,000 after acquiring an additional 519 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 342.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 72,273 shares of the company’s stock valued at $3,980,000 after purchasing an additional 55,922 shares in the last quarter.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

FDT traded down $0.14 during trading on Friday, reaching $54.12. 9,602 shares of the company traded hands, compared to its average volume of 26,614. First Trust Developed Markets ex-US AlphaDEX Fund has a 12-month low of $50.47 and a 12-month high of $58.95. The firm has a fifty day simple moving average of $55.66 and a 200 day simple moving average of $55.95. The company has a market cap of $397.24 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 business also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.789 dividend. The ex-dividend date of this dividend is Friday, December 13th.

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.