First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Short Interest Update

Posted by on Aug 28th, 2023

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 477,900 shares, an increase of 190.0% from the July 31st total of 164,800 shares. Based on an average trading volume of 65,600 shares, the days-to-cover ratio is presently 7.3 days.

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in FDT. First Trust Advisors LP boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 3,477.8% during the fourth quarter. First Trust Advisors LP now owns 527,513 shares of the company’s stock worth $25,178,000 after buying an additional 512,769 shares in the last quarter. LPL Financial LLC boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 72.1% during the fourth quarter. LPL Financial LLC now owns 557,094 shares of the company’s stock worth $26,590,000 after buying an additional 233,337 shares in the last quarter. Citadel Advisors LLC purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter worth about $6,153,000. Benjamin F. Edwards & Company Inc. raised its position in First Trust Developed Markets ex-US AlphaDEX Fund by 337.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 124,465 shares of the company’s stock worth $6,309,000 after acquiring an additional 95,991 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the fourth quarter valued at about $4,049,000.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 0.8 %

Shares of First Trust Developed Markets ex-US AlphaDEX Fund stock opened at $51.41 on Monday. First Trust Developed Markets ex-US AlphaDEX Fund has a 52-week low of $41.21 and a 52-week high of $54.92. The company’s 50-day simple moving average is $52.43 and its 200-day simple moving average is $51.48. The firm has a market cap of $480.17 million, a price-to-earnings ratio of 6.92 and a beta of 0.96.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, June 28th were issued a dividend of $0.8802 per share. The ex-dividend date of this dividend was Tuesday, June 27th. This represents a $3.52 dividend on an annualized basis and a yield of 6.85%. This is an increase from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.21.

First Trust Developed Markets ex-US AlphaDEX Fund Company Profile

(Get Free Report)

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.

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