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

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 42,240 shares, an increase of 142.7% from the March 31st total of 17,407 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 111,522 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Down 0.3%

Shares of First Trust Developed Markets ex-US AlphaDEX Fund stock traded down $0.27 on Monday, hitting $92.87. 92,562 shares of the company’s stock traded hands, compared to its average volume of 134,513. The stock has a market cap of $1.15 billion, a P/E ratio of 9.95 and a beta of 0.85. The firm’s 50-day moving average is $90.85 and its 200 day moving average is $84.26. First Trust Developed Markets ex-US AlphaDEX Fund has a 52-week low of $60.22 and a 52-week high of $97.51.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.3264 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.31 annualized dividend and a yield of 1.4%.

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

Large investors have recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 2.7% during the third quarter. Gateway Wealth Partners LLC now owns 30,034 shares of the company’s stock worth $2,264,000 after purchasing an additional 783 shares during the last quarter. Truist Financial Corp lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 6.5% during the third quarter. Truist Financial Corp now owns 36,527 shares of the company’s stock worth $2,753,000 after purchasing an additional 2,216 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the third quarter valued at $294,000. Topsail Wealth Management LLC bought a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the third quarter valued at $54,000. Finally, Cullen Frost Bankers Inc. bought a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the third quarter valued at $26,000.

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.