First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Sees Large Decline in Short Interest

First Trust Germany AlphaDEX Fund (NASDAQ:FGM – Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 7,429 shares, a decline of 77.8% from the June 30th total of 33,496 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 965 shares, the days-to-cover ratio is presently 7.7 days.

First Trust Germany AlphaDEX Fund Stock Up 0.4%

Shares of FGM traded up $0.23 during mid-day trading on Friday, hitting $62.01. 712 shares of the company’s stock were exchanged, compared to its average volume of 13,479. The firm has a fifty day moving average of $63.99 and a two-hundred day moving average of $64.58. First Trust Germany AlphaDEX Fund has a twelve month low of $52.93 and a twelve month high of $71.12. The stock has a market cap of $96.11 million, a price-to-earnings ratio of 13.97 and a beta of 0.95.

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First Trust Germany AlphaDEX Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.8422 per share. This represents a $3.37 annualized dividend 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

A number of institutional investors and hedge funds have recently made changes to their positions in FGM. Jane Street Group LLC increased its holdings in shares of First Trust Germany AlphaDEX Fund by 238.1% during the 1st 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 last quarter. Transamerica Financial Advisors LLC boosted its position in First Trust Germany AlphaDEX Fund by 38,572.7% during 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 during the period. Raymond James Financial Inc. acquired a new position in First Trust Germany AlphaDEX Fund during the second quarter valued at approximately $626,000. Osaic Holdings Inc. bought a new position in shares of First Trust Germany AlphaDEX Fund in the second quarter valued at approximately $332,000. Finally, Arlington Capital Management Inc. acquired a new stake in shares of First Trust Germany AlphaDEX Fund in the third quarter worth $3,043,000.

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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