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

The First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report) has seen a remarkable rise in short interest during December. As of December 15th, short interest reached a total of 7,800 shares, indicating a massive 254.5% increase from the November 30th figure of 2,200 shares. With an average trading volume of 24,800 shares, the short-interest ratio currently stands at 0.3 days.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

On a recent Thursday, shares of NASDAQ FDT rose by $0.36, reaching a price of $54.26 during mid-day trading. A total of 17,629 shares were traded, compared to the average volume of 26,682 shares. The fund has a market capitalization of $398.27 million, with a price-to-earnings (PE) ratio of 7.34 and a beta of 0.96. FDT's stock has seen a one-year low of $50.47 and a one-year high of $58.95. The fifty-day simple moving average stands at $55.72, while the 200-day simple moving average is at $55.96.

First Trust Developed Markets ex-US AlphaDEX Fund Dividend Announcement

Recently, the fund declared a dividend to be paid 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 on December 13th.

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

Several institutional investors have made changes to their holdings in FDT. Notably, FMR LLC increased its position in the fund by 220.8% during the third quarter, now holding 555 shares valued at $32,000 after buying an additional 382 shares. Wilmington Savings Fund Society FSB has acquired a new stake in shares of the fund worth approximately $35,000 in the same quarter. Other institutional players include International Assets Investment Management LLC, which bought a stake valued at about $53,000 in the second quarter, and Private Client Services LLC, which acquired a new position for around $218,000 in the third quarter. TrueWealth Advisors LLC also increased its holding by 5.5% during the third quarter, bringing its total to 4,042 shares worth $233,000.

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 (ETF) that tracks the NASDAQ AlphaDEX DM Ex-US index. This fund focuses on international, developed-market stocks that are selected based on growth and value factors and are equal-weighted in their tiers. FDT was launched on April 18, 2011, and is managed by First Trust.

Investment Considerations

As investors evaluate their options, it is important to note that First Trust Developed Markets ex-US AlphaDEX Fund currently holds a "Hold" rating among analysts. If you are considering an investment, you may want to compare it with other stocks that are currently recommended by top analysts.

ETF, Investing, Performance