Short Interest in First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Drops By 55.1%

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 4,000 shares, a drop of 55.1% from the February 13th total of 8,900 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 34,800 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Several institutional investors have recently made changes to their positions in FDT. Janney Montgomery Scott LLC grew its position in First Trust Developed Markets ex-US AlphaDEX Fund by 32.1% during the third quarter. Janney Montgomery Scott LLC now owns 23,945 shares of the company's stock valued at $1,381,000 after buying an additional 5,821 shares during the period. Atria Investments Inc grew its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 6.7% during the 3rd quarter. Atria Investments Inc now owns 37,539 shares of the company's stock valued at $2,165,000 after acquiring an additional 2,358 shares during the period. Apollon Wealth Management LLC raised its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 5.4% in the 3rd quarter. Apollon Wealth Management LLC now owns 5,384 shares of the company's stock worth $310,000 after purchasing an additional 274 shares during the period. Prospera Financial Services Inc boosted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 11.0% during the third quarter. Prospera Financial Services Inc now owns 48,338 shares of the company's stock worth $2,787,000 after purchasing an additional 4,788 shares in the last quarter. Finally, Flagstar Advisors Inc. boosted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 11.8% during the third quarter. Flagstar Advisors Inc. now owns 9,440 shares of the company's stock worth $544,000 after purchasing an additional 998 shares in the last quarter.

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First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

FDT stock traded up $0.84 during trading on Monday, hitting $60.58. 14,361 shares of the company traded hands, compared to its average volume of 37,234. First Trust Developed Markets ex-US AlphaDEX Fund has a 1 year low of $50.47 and a 1 year high of $60.64. The company has a market cap of $432.54 million, a PE ratio of 9.91 and a beta of 0.96. The stock's 50-day simple moving average is $56.65 and its 200 day simple moving average is $56.28.

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 that is based on the NASDAQ AlphaDEX DM Ex-US index. The fund tracks an index of international, developed-market stocks, selected by growth and value factors and equal-weighted in tiers. FDT was launched on Apr 18, 2011 and is managed by First Trust.