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

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 4,500 shares, a decrease of 6.3% from the May 31st total of 4,800 shares. Based on an average daily volume of 24,600 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of hedge funds have recently bought and sold shares of FDT. GAMMA Investing LLC grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 11,333.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,715 shares of the company’s stock valued at $94,000 after purchasing an additional 1,700 shares during the last quarter. Cetera Advisors LLC grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 222.2% during the 1st quarter. Cetera Advisors LLC now owns 50,646 shares of the company’s stock valued at $2,842,000 after purchasing an additional 34,928 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 64.2% during the 1st quarter. Cetera Investment Advisers now owns 138,809 shares of the company’s stock valued at $7,790,000 after purchasing an additional 54,261 shares during the last quarter. Atria Investments Inc grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 10.8% during the 1st quarter. Atria Investments Inc now owns 33,638 shares of the company’s stock valued at $1,888,000 after purchasing an additional 3,276 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 1st quarter valued at approximately $5,003,000.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

FDT stock traded up $0.17 during trading hours on Tuesday, reaching $55.48. The stock had a trading volume of 145,470 shares, compared to its average volume of 28,451. The stock has a market capitalization of $412.77 million, a PE ratio of 7.34 and a beta of 0.96. The stock has a 50-day simple moving average of $55.96 and a 200 day simple moving average of $54.37. First Trust Developed Markets ex-US AlphaDEX Fund has a fifty-two week low of $46.90 and a fifty-two week high of $57.94.

First Trust Developed Markets ex-US AlphaDEX Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a $0.8713 dividend. This represents a $3.49 annualized dividend and a dividend yield of 6.28%. The ex-dividend date was Thursday, June 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.