Significant Increase in Short Interest for First Trust Developed Markets ex-US AlphaDEX Fund

The First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) has witnessed a notable jump in short interest during the month of December. As of December 31st, the short interest had reached a total of 17,400 shares, reflecting a staggering increase of 123.1% from the 7,800 shares reported on December 15th. With an average daily trading volume of 25,800 shares, the current days-to-cover ratio stands at 0.7 days.

Institutional Investor Activity in FDT

Recently, several institutional investors have adjusted their holdings in the First Trust Developed Markets ex-US AlphaDEX Fund. TrueWealth Advisors LLC raised its position by 5.5% during the third quarter, bringing its total ownership to 4,042 shares valued at approximately $233,000 after acquiring an additional 212 shares. Apollon Wealth Management LLC increased its stake by 5.4%, now owning 5,384 shares worth about $310,000 following the addition of 274 shares in the same quarter. FMR LLC made a significant move, increasing its stake by 220.8% and now holds 555 shares valued at $32,000 after acquiring 382 additional shares. Likewise, Pine Valley Investments Ltd Liability Co grew its holdings by 4.2%, totaling 10,458 shares worth $603,000 after purchasing 423 shares. Lastly, GAMMA Investing LLC boosted its stake in the fund by 26.9% in the fourth quarter, acquiring an additional 462 shares for a total of 2,177 shares valued at $118,000.

FDT Trading Performance

On a recent trading day, FDT saw a slight increase of 0.1%, achieving a price of $53.64. The trading volume for the day was 78,338 shares, surpassing the average volume of 48,167 shares. The fund has a market capitalization of $388.35 million, with a price-to-earnings ratio of 7.34 and a beta of 0.96. The firm's fifty-day simple moving average is $55.23, while its 200-day simple moving average stands at $55.86. Over the past twelve months, FDT's stock price has fluctuated between a low of $50.47 and a high of $58.95.

Dividend Announcement by FDT

The First Trust Developed Markets ex-US AlphaDEX Fund recently declared a dividend that was distributed to shareholders on December 31st. Those on record as of December 13th received a dividend of $0.789 per share, following an ex-dividend date also set for December 13th.

About First Trust Developed Markets ex-US AlphaDEX Fund

The First Trust Developed Markets Ex-US AlphaDEX Fund (FDT) is an exchange-traded fund linked to the NASDAQ AlphaDEX DM Ex-US index. This fund aims to track an index comprising international stocks from developed markets, selecting companies based on both growth and value factors, and weighting them equally across different tiers. FDT was introduced to the market on April 18, 2011, and is managed by First Trust.

Fund, Short, Interest, Investors, Dividend, Trading