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

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

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

Shares of NASDAQ:FDT traded up $0.13 during trading hours on Friday, hitting $97.46. The stock had a trading volume of 116,187 shares, compared to its average volume of 131,305. The stock’s fifty day simple moving average is $95.36 and its 200 day simple moving average is $89.04. First Trust Developed Markets ex-US AlphaDEX Fund has a 1-year low of $66.82 and a 1-year high of $101.32. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 9.95 and a beta of 0.86.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.3264 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FDT. Jane Street Group LLC increased its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 293.3% during the first quarter. Jane Street Group LLC now owns 16,542 shares of the company’s stock valued at $964,000 after acquiring an additional 12,336 shares during the period. Creative Planning acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter valued at approximately $204,000. JPMorgan Chase & Co. increased its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% during the second quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock valued at $40,000 after acquiring an additional 458 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter valued at approximately $64,000. Finally, NewEdge Advisors LLC increased its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 73.6% during the second quarter. NewEdge Advisors LLC now owns 7,339 shares of the company’s stock valued at $505,000 after acquiring an additional 3,111 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.