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

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

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 4.2%

Shares of FDT traded up $3.90 during trading hours on Thursday, reaching $97.33. 124,570 shares of the stock traded hands, compared to its average volume of 131,442. First Trust Developed Markets ex-US AlphaDEX Fund has a 52-week low of $66.82 and a 52-week high of $101.32. The company’s 50-day moving average price is $94.98 and its two-hundred day moving average price is $88.83. The company has a market cap of $1.22 billion, a P/E ratio of 9.95 and a beta of 0.86.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently announced 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. The ex-dividend date was Thursday, March 26th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.3%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FDT. First Trust Advisors LP boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 2,056.9% during the first quarter. First Trust Advisors LP now owns 258,270 shares of the company’s stock worth $22,451,000 after acquiring an additional 246,296 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 547.3% during the first quarter. Janney Montgomery Scott LLC now owns 256,428 shares of the company’s stock worth $22,291,000 after acquiring an additional 216,814 shares during the last quarter. SMI Advisory Services LLC bought a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the fourth quarter worth $13,842,000. Independent Financial Group LLC bought a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the first quarter worth $8,141,000. Finally, LPL Financial LLC boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 12.3% during the fourth quarter. LPL Financial LLC now owns 844,377 shares of the company’s stock worth $67,083,000 after acquiring an additional 92,554 shares during the last quarter.

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.