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

The First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report) experienced a notable rise in short interest during December. By the end of the month, short interest had reached a total of 17,400 shares, marking a substantial increase of 123.1% from the 7,800 shares reported on December 15. Given the average daily trading volume of 25,800 shares, the current days-to-cover ratio stands at 0.7 days.

Institutional Investments in First Trust Developed Markets ex-US AlphaDEX Fund

Recently, several institutional investors have altered their positions in FDT. TrueWealth Advisors LLC increased their stake by 5.5% in the third quarter, now holding 4,042 shares valued at approximately $233,000 after acquiring an additional 212 shares. Apollon Wealth Management LLC also raised its position by 5.4%, obtaining 5,384 shares worth about $310,000, following the purchase of 274 extra shares. Additionally, FMR LLC more than doubled its holdings by 220.8%, now owning 555 shares valued at $32,000 after acquiring 382 additional shares. Pine Valley Investments LLC boosted its holdings by 4.2%, bringing their total to 10,458 shares valued at $603,000. Lastly, GAMMA Investing LLC increased their stake by 26.9% in the fourth quarter, now possessing 2,177 shares valued at $118,000.

FDT Trading Performance

On a recent trading day, the FDT stock saw a slight uptick of 0.1%, closing at $53.64 with a trading volume of 78,338 shares, which is higher than its average volume of 48,167 shares. The fund has a market capitalization of $388.35 million, a price-to-earnings ratio of 7.34, and a beta of 0.96. Its fifty-day simple moving average is $55.23, while the 200-day simple moving average is $55.86. Over the past year, FDT reached a low of $50.47 and a high of $58.95.

Dividend Announcement from First Trust Developed Markets ex-US AlphaDEX Fund

Recently, FDT declared a dividend which was distributed on December 31. Shareholders who were on record as of December 13 received a dividend of $0.789 per share, with the ex-dividend date also being December 13.

About First Trust Developed Markets ex-US AlphaDEX Fund

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 international stocks from developed markets, which are selected based on growth and value criteria and are equal-weighted across tiers. FDT was launched on April 18, 2011, and is managed by First Trust.

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Investment Considerations for First Trust Developed Markets ex-US AlphaDEX Fund

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