Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Drops By 73.7%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 66,246 shares, a decrease of 73.7% from the May 14th total of 251,629 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 97,299 shares, the days-to-cover ratio is currently 0.7 days.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 0.1%

Shares of First Trust Developed Markets ex-US AlphaDEX Fund stock traded up $0.13 during trading on Friday, hitting $97.46. 116,187 shares of the stock traded hands, compared to its average volume of 131,305. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 9.95 and a beta of 0.86. The firm’s fifty day moving average is $95.36 and its 200-day moving average is $89.04. First Trust Developed Markets ex-US AlphaDEX Fund has a 52 week low of $66.82 and a 52 week high of $101.32.

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. Stockholders of record on Thursday, March 26th were given a dividend of $0.3264 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.31 annualized dividend and a dividend yield of 1.3%.

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

Several institutional investors have recently modified their holdings of FDT. JPMorgan Chase & Co. increased its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock valued at $40,000 after purchasing an additional 458 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 50.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 529 shares of the company’s stock valued at $42,000 after purchasing an additional 178 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 223.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 591 shares of the company’s stock valued at $47,000 after purchasing an additional 408 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 2nd quarter valued at about $64,000. Finally, Western Wealth Management LLC bought a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 1st quarter valued at about $91,000.

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.