First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Short Interest Down 55.0% in March

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 1,800 shares, a decline of 55.0% from the February 28th total of 4,000 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 35,500 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Down 1.6 %

Shares of NASDAQ FDT traded down $0.94 on Friday, hitting $58.68. The company had a trading volume of 56,298 shares, compared to its average volume of 37,795. The firm has a market capitalization of $418.98 million, a P/E ratio of 10.25 and a beta of 0.96. First Trust Developed Markets ex-US AlphaDEX Fund has a 12-month low of $50.47 and a 12-month high of $61.02. The business has a 50 day moving average of $57.85 and a two-hundred day moving average of $56.56.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.1074 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.73%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FDT. FMR LLC grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 220.8% during the 3rd quarter. FMR LLC now owns 555 shares of the company’s stock valued at $32,000 after purchasing an additional 382 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter valued at about $35,000. GAMMA Investing LLC grew its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 26.9% during the fourth quarter. GAMMA Investing LLC now owns 2,177 shares of the company’s stock valued at $118,000 after acquiring an additional 462 shares in the last quarter. Tucker Asset Management LLC increased its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 39.1% during the fourth quarter. Tucker Asset Management LLC now owns 2,635 shares of the company’s stock worth $143,000 after acquiring an additional 741 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the fourth quarter worth about $224,000.

About First Trust Developed Markets ex-US AlphaDEX Fund

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.