Significant Increase 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 rise in short interest throughout December. By December 15th, short interest climbed to a total of 7,800 shares, marking an increase of 254.5% from the 2,200 shares reported on November 30th. Given the average daily trading volume of 24,800 shares, the current short-interest ratio stands at 0.3 days.

FDT Stock Performance

On Thursday, during mid-day trading, NASDAQ FDT increased by $0.36, reaching a price of $54.26. A total of 17,629 shares was traded, which is below the average volume of 26,682 shares. The market capitalization of FDT is approximately $398.27 million, with a price-to-earnings (PE) ratio of 7.34 and a beta value of 0.96. Over the past year, the stock has seen a low of $50.47 and a high of $58.95. The fifty-day simple moving average is $55.72, and the 200-day simple moving average is $55.96.

Latest Dividend Announcement for FDT

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

Institutional Investor Activities Regarding FDT

Recent changes in holdings by various hedge funds reflect interest in the First Trust Developed Markets ex-US AlphaDEX Fund. FMR LLC increased its position in FDT by 220.8% during the third quarter, now owning 555 shares valued at $32,000, having acquired an additional 382 shares last quarter. Wilmington Savings Fund Society FSB also entered a new position in FDT, valued at around $35,000 in the same quarter. Additionally, International Assets Investment Management LLC and Private Client Services LLC purchased new stakes during the second and third quarters, respectively, valuing them at approximately $53,000 and $218,000. TrueWealth Advisors LLC raised its stake by 5.5% in the third quarter, now holding 4,042 shares worth $233,000 after adding 212 shares last quarter.

Overview of the First Trust Developed Markets ex-US AlphaDEX Fund

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 stocks from developed markets, selecting companies based on growth and value criteria, and applying equal-weighting across tiers. The fund was launched on April 18, 2011, and is managed by First Trust.

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