First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Short Interest Up 211.7% in December

by · The Markets Daily

First Trust Germany AlphaDEX Fund (NASDAQ:FGM – Get Free Report) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 7,480 shares, an increase of 211.7% from the November 30th total of 2,400 shares. Based on an average daily trading volume, of 5,641 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 5,641 shares, the days-to-cover ratio is currently 1.3 days.

First Trust Germany AlphaDEX Fund Trading Up 0.5%

NASDAQ:FGM traded up $0.33 during mid-day trading on Friday, hitting $62.26. The company had a trading volume of 1,735 shares, compared to its average volume of 8,989. The firm has a market capitalization of $77.83 million, a price-to-earnings ratio of 13.97 and a beta of 0.99. The business has a fifty day simple moving average of $59.27 and a 200-day simple moving average of $57.77. First Trust Germany AlphaDEX Fund has a 1 year low of $37.84 and a 1 year high of $62.44.

First Trust Germany AlphaDEX Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a $0.0392 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, December 12th.

Hedge Funds Weigh In On First Trust Germany AlphaDEX Fund

Large investors have recently made changes to their positions in the business. First Trust Advisors LP grew its holdings in First Trust Germany AlphaDEX Fund by 24.0% in the 3rd quarter. First Trust Advisors LP now owns 593,503 shares of the company’s stock valued at $34,902,000 after buying an additional 114,932 shares during the last quarter. Jane Street Group LLC boosted its position in shares of First Trust Germany AlphaDEX Fund by 238.1% in the first quarter. Jane Street Group LLC now owns 52,451 shares of the company’s stock valued at $2,408,000 after acquiring an additional 36,938 shares during the period. Arlington Capital Management Inc. acquired a new stake in shares of First Trust Germany AlphaDEX Fund in the third quarter worth $3,043,000. Flow Traders U.S. LLC increased its position in First Trust Germany AlphaDEX Fund by 55.7% during the second quarter. Flow Traders U.S. LLC now owns 25,577 shares of the company’s stock worth $1,442,000 after acquiring an additional 9,148 shares during the period. Finally, Cottonwood Capital Advisors LLC raised its stake in First Trust Germany AlphaDEX Fund by 19.9% during the 3rd quarter. Cottonwood Capital Advisors LLC now owns 15,864 shares of the company’s stock valued at $933,000 after purchasing an additional 2,635 shares during the last quarter.

First Trust Germany AlphaDEX Fund Company Profile

(Get Free Report)

The First Trust Germany AlphaDEX Fund (FGM) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Germany index. The fund tracks a tiered equal-weighted index of 40 companies selected from the S&P Germany BMI based on the S&P’s AlphaDex selection methodology. FGM was launched on Feb 14, 2012 and is managed by First Trust.

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