First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Short Interest Up 19.3% in December

First Trust Germany AlphaDEX Fund (NASDAQ:FGMGet Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 8,925 shares, a growth of 19.3% from the December 15th total of 7,480 shares. Based on an average daily volume of 9,268 shares, the short-interest ratio is presently 1.0 days. Approximately 0.7% of the shares of the stock are sold short. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 9,268 shares, the short-interest ratio is presently 1.0 days.

First Trust Germany AlphaDEX Fund Stock Performance

FGM traded down $0.04 on Monday, hitting $65.41. 2,135 shares of the company were exchanged, compared to its average volume of 18,840. The business’s fifty day moving average is $61.08 and its 200 day moving average is $58.79. First Trust Germany AlphaDEX Fund has a fifty-two week low of $39.63 and a fifty-two week high of $66.00. The firm has a market capitalization of $85.03 million, a P/E ratio of 13.97 and a beta of 0.99.

First Trust Germany AlphaDEX Fund Announces Dividend

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

Institutional Trading of First Trust Germany AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in First Trust Germany AlphaDEX Fund in the third quarter valued at $57,000. Transamerica Financial Advisors LLC boosted its position in shares of First Trust Germany AlphaDEX Fund by 38,572.7% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 4,254 shares of the company’s stock worth $240,000 after buying an additional 4,243 shares in the last quarter. StoneX Group Inc. purchased a new stake in shares of First Trust Germany AlphaDEX Fund in the 2nd quarter worth about $250,000. Osaic Holdings Inc. acquired a new stake in First Trust Germany AlphaDEX Fund in the 2nd quarter valued at about $332,000. Finally, Raymond James Financial Inc. acquired a new stake in First Trust Germany AlphaDEX Fund in the 2nd quarter valued at about $626,000.

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.

Further Reading

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