First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Short Interest Update

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) was the recipient of a significant drop in short interest during 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. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 20,437 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 20,437 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FGM. Genesee Capital Advisors LLC acquired a new stake in shares of First Trust Germany AlphaDEX Fund in the 4th quarter valued at $635,000. Cottonwood Capital Advisors LLC increased 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 buying an additional 3,215 shares during the last quarter. Arlington Capital Management Inc. raised 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 buying an additional 33,118 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of First Trust Germany AlphaDEX Fund during the 3rd quarter worth about $57,000. Finally, Raymond James Financial Inc. increased its holdings in shares of First Trust Germany AlphaDEX Fund by 15.3% during the 3rd quarter. Raymond James Financial Inc. now owns 12,808 shares of the company’s stock valued at $753,000 after acquiring an additional 1,703 shares during the last quarter.

First Trust Germany AlphaDEX Fund Stock Down 2.4%

Shares of FGM traded down $1.62 during midday trading on Friday, reaching $66.85. 2,243 shares of the stock were exchanged, compared to its average volume of 13,017. The company has a market cap of $90.25 million, a price-to-earnings ratio of 13.97 and a beta of 0.99. First Trust Germany AlphaDEX Fund has a 12-month low of $40.61 and a 12-month high of $68.56. The firm has a 50 day simple moving average of $62.76 and a 200-day simple moving average of $59.50.

First Trust Germany AlphaDEX Fund Announces Dividend

The firm also recently disclosed 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 of this dividend 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.