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

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,800 shares, a drop of 55.0% from the February 28th total of 4,000 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 35,500 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the 3rd quarter worth approximately $35,000. HBW Advisory Services LLC purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the fourth quarter worth $514,000. GAMMA Investing LLC raised its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 26.9% in the fourth quarter. GAMMA Investing LLC now owns 2,177 shares of the company’s stock valued at $118,000 after acquiring an additional 462 shares in the last quarter. Private Client Services LLC raised its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 14.1% in the fourth quarter. Private Client Services LLC now owns 4,320 shares of the company’s stock valued at $234,000 after acquiring an additional 534 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co grew its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 4.2% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 10,458 shares of the company’s stock worth $603,000 after purchasing an additional 423 shares in the last quarter.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

FDT stock traded down $0.94 during trading on Friday, hitting $58.68. 56,298 shares of the company traded hands, compared to its average volume of 37,795. The company has a market cap of $418.98 million, a PE ratio of 10.25 and a beta of 0.96. The stock’s 50-day simple moving average is $57.77 and its 200 day simple moving average is $56.52. First Trust Developed Markets ex-US AlphaDEX Fund has a 1 year low of $50.47 and a 1 year high of $61.02.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a $0.1074 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, March 27th.

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.