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

First Trust Developed Markets Ex-US AlphaDEX Fund (NASDAQ:FDT – Get Rating) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 9,100 shares, an increase of 93.6% from the April 30th total of 4,700 shares. Based on an average trading volume of 49,000 shares, the short-interest ratio is presently 0.2 days.

Shares of First Trust Developed Markets Ex-US AlphaDEX Fund stock opened at $55.45 on Friday. The stock has a 50 day moving average of $55.27 and a 200 day moving average of $57.79. First Trust Developed Markets Ex-US AlphaDEX Fund has a 12 month low of $50.50 and a 12 month high of $65.82.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 28th were paid a dividend of $0.084 per share. This represents a $0.34 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Friday, March 25th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley increased its position in First Trust Developed Markets Ex-US AlphaDEX Fund by 3.7% in the third quarter. Morgan Stanley now owns 859,412 shares of the company’s stock worth $52,382,000 after purchasing an additional 30,279 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Developed Markets Ex-US AlphaDEX Fund by 30.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 568,925 shares of the company’s stock valued at $32,906,000 after acquiring an additional 131,557 shares during the last quarter. UBS Group AG lifted its holdings in shares of First Trust Developed Markets Ex-US AlphaDEX Fund by 0.4% in the 1st quarter. UBS Group AG now owns 287,529 shares of the company’s stock valued at $16,630,000 after acquiring an additional 1,110 shares during the last quarter. LPL Financial LLC increased its position in shares of First Trust Developed Markets Ex-US AlphaDEX Fund by 28.7% during the 3rd quarter. LPL Financial LLC now owns 270,170 shares of the company’s stock valued at $16,467,000 after purchasing an additional 60,186 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in First Trust Developed Markets Ex-US AlphaDEX Fund by 15.8% during the 3rd quarter. Royal Bank of Canada now owns 210,880 shares of the company’s stock valued at $12,854,000 after buying an additional 28,750 shares during the period.

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