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 growth in short interest in the month of July. As of July 31st, there was short interest totaling 24,000 shares, agrowthof29.0% from the July 15th total of 18,600 shares. Based on an average daily trading volume, of 41,900 shares, the short-interest ratio is presently 0.6 days. Approximately0.3% of the company’s shares are short sold. Approximately0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 41,900 shares, the short-interest ratio is presently 0.6 days.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

Shares of FDT stock opened at $74.15 on Friday. First Trust Developed Markets ex-US AlphaDEX Fund has a 12 month low of $51.33 and a 12 month high of $74.58. The firm has a market capitalization of $588.75 million, a P/E ratio of 9.95 and a beta of 0.96. The company’s fifty day moving average price is $70.08 and its two-hundred day moving average price is $63.71.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a dividend of $0.976 per share. The ex-dividend date of this dividend was Thursday, June 26th. This is a positive change from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.11. This represents a $3.90 annualized dividend and a yield of 5.3%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 11.2% in the 1st quarter. LPL Financial LLC now owns 529,294 shares of the company’s stock worth $30,831,000 after purchasing an additional 53,268 shares during the period. Raymond James Financial Inc. boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 17.3% in the 1st quarter. Raymond James Financial Inc. now owns 273,070 shares of the company’s stock worth $15,906,000 after purchasing an additional 40,279 shares during the period. Cetera Investment Advisers boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 14.4% in the 1st quarter. Cetera Investment Advisers now owns 178,087 shares of the company’s stock worth $10,374,000 after purchasing an additional 22,471 shares during the period. Assetmark Inc. boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 13.1% in the 2nd quarter. Assetmark Inc. now owns 149,046 shares of the company’s stock worth $10,248,000 after purchasing an additional 17,231 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 15.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 112,770 shares of the company’s stock worth $6,569,000 after purchasing an additional 15,196 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.