First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Stock Short Interest Jumps 87.2%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 49,709 shares, an increase of 87.2% from the September 30th total of 26,557 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 164,657 shares, the short-interest ratio is presently 0.3 days.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

Shares of First Trust Developed Markets ex-US AlphaDEX Fund stock opened at $88.55 on Friday. The firm has a 50-day simple moving average of $93.83 and a two-hundred day simple moving average of $92.91. First Trust Developed Markets ex-US AlphaDEX Fund has a fifty-two week low of $74.60 and a fifty-two week high of $101.32. The company has a market cap of $1.35 billion, a P/E ratio of 9.95 and a beta of 0.89.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.5323 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 2.4%. This is a negative change from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.7816. The ex-dividend date was Thursday, September 24th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 13.0% during the second quarter. Envestnet Asset Management Inc. now owns 393,613 shares of the company’s stock worth $37,266,000 after buying an additional 45,226 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 283,400 shares of the company’s stock worth $24,636,000 after acquiring an additional 14,574 shares during the last quarter. Sage Private Wealth Group LLC increased its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 3.0% in the 3rd quarter. Sage Private Wealth Group LLC now owns 246,056 shares of the company’s stock worth $23,053,000 after acquiring an additional 7,055 shares during the last quarter. First Trust Advisors LP increased its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 2,056.9% in the 1st quarter. First Trust Advisors LP now owns 258,270 shares of the company’s stock worth $22,451,000 after acquiring an additional 246,296 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 14.6% during the 1st quarter. Royal Bank of Canada now owns 238,100 shares of the company’s stock worth $20,697,000 after acquiring an additional 30,265 shares during the period.

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.