First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Sees Significant Drop in Short Interest

by · The Cerbat Gem

First Trust Germany AlphaDEX Fund (NASDAQ:FGM – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 7,429 shares, a decrease of 77.8% from the June 30th total of 33,496 shares. Based on an average daily volume of 965 shares, the short-interest ratio is currently 7.7 days. Approximately 0.5% of the shares of the company are short sold.

First Trust Germany AlphaDEX Fund Stock Performance

Shares of NASDAQ:FGM traded up $0.26 during trading hours on Monday, hitting $62.26. The stock had a trading volume of 4,403 shares, compared to its average volume of 13,414. The stock’s fifty day simple moving average is $63.99 and its 200 day simple moving average is $64.58. The firm has a market capitalization of $96.50 million, a price-to-earnings ratio of 13.97 and a beta of 0.95. First Trust Germany AlphaDEX Fund has a 1-year low of $52.93 and a 1-year high of $71.12.

First Trust Germany AlphaDEX Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.8422 dividend. This represents a $3.37 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust Germany AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in FGM. Advisory Services Network LLC acquired a new position in First Trust Germany AlphaDEX Fund during the 3rd quarter worth $57,000. Transamerica Financial Advisors LLC grew its stake in shares of First Trust Germany AlphaDEX Fund by 38,572.7% in the second quarter. Transamerica Financial Advisors LLC now owns 4,254 shares of the company’s stock worth $240,000 after purchasing an additional 4,243 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of First Trust Germany AlphaDEX Fund during the first quarter valued at $280,000. StoneX Group Inc. increased its holdings in shares of First Trust Germany AlphaDEX Fund by 10.5% during the fourth quarter. StoneX Group Inc. now owns 4,895 shares of the company’s stock valued at $305,000 after purchasing an additional 465 shares during the period. Finally, Osaic Holdings Inc. bought a new stake in shares of First Trust Germany AlphaDEX Fund during the second quarter valued at about $332,000.

About First Trust Germany AlphaDEX Fund

(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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