First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Short Interest Up 650.0% in March

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 13,500 shares, a growth of 650.0% from the March 15th total of 1,800 shares. Based on an average daily trading volume, of 41,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 1.1 %

FDT opened at $57.63 on Tuesday. First Trust Developed Markets ex-US AlphaDEX Fund has a 52 week low of $50.47 and a 52 week high of $61.02. The stock’s fifty day moving average is $57.87 and its two-hundred day moving average is $56.44. The company has a market capitalization of $417.24 million, a P/E ratio of 9.11 and a beta of 0.96.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.1074 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.75%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 130.5% during the fourth quarter. Arkadios Wealth Advisors now owns 9,463 shares of the company’s stock valued at $512,000 after acquiring an additional 5,358 shares in the last quarter. Park Avenue Securities LLC grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 8.2% during the fourth quarter. Park Avenue Securities LLC now owns 23,270 shares of the company’s stock worth $1,258,000 after acquiring an additional 1,755 shares during the period. Towerpoint Wealth LLC increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.5% during the 4th quarter. Towerpoint Wealth LLC now owns 27,729 shares of the company’s stock valued at $1,500,000 after purchasing an additional 1,449 shares in the last quarter. TPG Financial Advisors LLC lifted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 3.9% in the fourth quarter. TPG Financial Advisors LLC now owns 57,021 shares of the company’s stock valued at $3,084,000 after acquiring an additional 2,161 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter valued at $35,000.

About First Trust Developed Markets ex-US AlphaDEX Fund

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.