First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Stock Short Interest Declines 36.6%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 26,557 shares, a decrease of 36.6% from the September 15th total of 41,915 shares. Based on an average daily trading volume, of 116,249 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Cyndeo Wealth Partners LLC increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 6.3% during the third quarter. Cyndeo Wealth Partners LLC now owns 10,789 shares of the company’s stock valued at $1,011,000 after acquiring an additional 636 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 180.8% during the third quarter. Farther Finance Advisors LLC now owns 6,223 shares of the company’s stock valued at $583,000 after buying an additional 4,007 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,753 shares of the company’s stock valued at $545,000 after acquiring an additional 308 shares during the period. Envestnet Asset Management Inc. increased its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 13.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 393,613 shares of the company’s stock valued at $37,266,000 after acquiring an additional 45,226 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the 2nd quarter worth $1,110,000.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Down 0.1%

Shares of FDT stock traded down $0.07 on Friday, hitting $90.79. The stock had a trading volume of 71,966 shares, compared to its average volume of 128,503. The business has a 50 day moving average price of $94.90 and a 200 day moving average price of $94.39. The company has a market cap of $1.39 billion, a PE ratio of 9.95 and a beta of 0.89. First Trust Developed Markets ex-US AlphaDEX Fund has a one year low of $74.60 and a one year high of $101.32.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.5323 per share. This is a negative change from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.7816. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.13 dividend on an annualized basis and a yield of 2.3%.

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.