Significant Rise in Short Interest for First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT)

The First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) experienced a notable increase in short interest throughout December. As of December 15th, the short interest reached 7,800 shares, reflecting an enormous rise of 254.5% compared to the 2,200 shares recorded on November 30th. Given the average daily trading volume of 24,800 shares, the current short-interest ratio stands at 0.3 days, indicating a potentially bullish trend for the fund.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

On Thursday during mid-day trading, NASDAQ FDT saw its stock value rise by $0.36, hitting a price of $54.26. A total of 17,629 shares exchanged hands, which is slightly less than its average volume of 26,682 shares. Currently, the fund boasts a market capitalization of $398.27 million, a price-to-earnings (PE) ratio of 7.34, and a beta of 0.96. Over the past year, the stock has reached a lows of $50.47 and highs of $58.95. The fifty-day simple moving average is noted at $55.72, while the 200-day moving average stands at $55.96.

First Trust Developed Markets ex-US AlphaDEX Fund Dividend Announcement

Furthermore, the fund recently announced a dividend to be distributed on Tuesday, December 31st. Shareholders on record as of Friday, December 13th, will receive a dividend of $0.789 per share, with the ex-dividend date also falling on December 13th.

Institutional Investors Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

A number of hedge funds have recently adjusted their positions in FDT. FMR LLC notably increased its holdings in the First Trust Developed Markets ex-US AlphaDEX Fund by 220.8% in the third quarter, now owning 555 shares valued at approximately $32,000 following the acquisition of an additional 382 shares. Wilmington Savings Fund Society FSB also took a new position in FDT valued around $35,000 during the same quarter. Similarly, International Assets Investment Management LLC and Private Client Services LLC purchased new stakes in the fund, valued at about $53,000 and $218,000 respectively. Lastly, TrueWealth Advisors LLC raised its position in the fund by 5.5% during the third quarter and currently owns 4,042 shares worth around $233,000 after buying an additional 212 shares.

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 designed to track the NASDAQ AlphaDEX DM Ex-US index. This fund focuses on an index of international stocks in developed markets, chosen based on growth and value factors while being equally weighted in tiers. Launched on April 18, 2011, it is managed by First Trust.

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