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

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 6,808 shares, a drop of 23.7% from the December 31st total of 8,925 shares. Based on an average daily volume of 20,437 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 20,437 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Germany AlphaDEX Fund Price Performance

Shares of FGM traded down $1.62 during midday trading on Friday, reaching $66.85. The stock had a trading volume of 2,243 shares, compared to its average volume of 13,017. The company has a market capitalization of $90.25 million, a P/E ratio of 13.97 and a beta of 0.99. The firm’s 50 day moving average price is $62.76 and its 200-day moving average price is $59.50. First Trust Germany AlphaDEX Fund has a 52 week low of $40.61 and a 52 week high of $68.56.

First Trust Germany AlphaDEX Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.0392 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, December 12th.

Hedge Funds Weigh In On First Trust Germany AlphaDEX Fund

Several hedge funds have recently made changes to their positions in FGM. First Trust Advisors LP lifted its stake in First Trust Germany AlphaDEX Fund by 24.0% during the third quarter. First Trust Advisors LP now owns 593,503 shares of the company’s stock valued at $34,902,000 after purchasing an additional 114,932 shares during the last quarter. Arlington Capital Management Inc. increased its holdings in shares of First Trust Germany AlphaDEX Fund by 64.0% in the fourth quarter. Arlington Capital Management Inc. now owns 84,859 shares of the company’s stock valued at $5,292,000 after buying an additional 33,118 shares in the last quarter. Jane Street Group LLC increased its holdings 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 buying an additional 36,938 shares in the last quarter. Flow Traders U.S. LLC lifted its position in shares of First Trust Germany AlphaDEX Fund by 55.7% during the 2nd quarter. Flow Traders U.S. LLC now owns 25,577 shares of the company’s stock valued at $1,442,000 after acquiring an additional 9,148 shares during the last quarter. Finally, Cottonwood Capital Advisors LLC boosted its stake in shares of First Trust Germany AlphaDEX Fund by 20.3% during the 4th quarter. Cottonwood Capital Advisors LLC now owns 19,079 shares of the company’s stock worth $1,190,000 after acquiring an additional 3,215 shares in the last quarter.

First Trust Germany AlphaDEX Fund Company Profile

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.