Short Interest in First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Rises By 19.3%

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) was the target of a large growth in short interest during 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. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 9,268 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 9,268 shares, the short-interest ratio is currently 1.0 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Germany AlphaDEX Fund

Several hedge funds have recently modified their holdings of FGM. Genesee Capital Advisors LLC purchased a new position in First Trust Germany AlphaDEX Fund during the fourth quarter worth approximately $635,000. Cottonwood Capital Advisors LLC raised its position in First Trust Germany AlphaDEX Fund by 20.3% during the fourth 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 during the period. Arlington Capital Management Inc. lifted its holdings in First Trust Germany AlphaDEX Fund by 64.0% during the fourth quarter. Arlington Capital Management Inc. now owns 84,859 shares of the company’s stock valued at $5,292,000 after purchasing an additional 33,118 shares in the last quarter. Advisory Services Network LLC purchased a new position in First Trust Germany AlphaDEX Fund during the third quarter valued at $57,000. Finally, Raymond James Financial Inc. grew its position in shares of First Trust Germany AlphaDEX Fund by 15.3% in the third quarter. Raymond James Financial Inc. now owns 12,808 shares of the company’s stock valued at $753,000 after purchasing an additional 1,703 shares during the period.

First Trust Germany AlphaDEX Fund Price Performance

FGM stock traded down $1.70 during trading on Tuesday, hitting $63.73. 3,904 shares of the company traded hands, compared to its average volume of 17,592. First Trust Germany AlphaDEX Fund has a 1 year low of $40.56 and a 1 year high of $66.00. The company has a market cap of $82.85 million, a PE ratio of 13.97 and a beta of 0.99. The stock’s 50-day simple moving average is $61.20 and its 200 day simple moving average is $58.86.

First Trust Germany AlphaDEX Fund Dividend Announcement

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

About First Trust Germany AlphaDEX Fund

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.