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

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 33,496 shares, a growth of 159.9% from the June 15th total of 12,889 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average trading volume of 3,876 shares, the short-interest ratio is currently 8.6 days.

First Trust Germany AlphaDEX Fund Stock Performance

Shares of NASDAQ FGM opened at $63.10 on Thursday. First Trust Germany AlphaDEX Fund has a 1 year low of $52.93 and a 1 year high of $71.12. The stock’s 50-day simple moving average is $64.45 and its 200-day simple moving average is $64.61. The firm has a market cap of $97.81 million, a price-to-earnings ratio of 13.97 and a beta of 0.95.

First Trust Germany AlphaDEX Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.8422 per share. The ex-dividend date was Thursday, June 25th. This represents a $3.37 annualized dividend and a yield of 5.3%.

Hedge Funds Weigh In On First Trust Germany AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in FGM. Kestra Advisory Services LLC boosted its stake in First Trust Germany AlphaDEX Fund by 0.5% during the 4th quarter. Kestra Advisory Services LLC now owns 54,475 shares of the company’s stock valued at $3,397,000 after acquiring an additional 269 shares during the last quarter. StoneX Group Inc. increased its position in shares of First Trust Germany AlphaDEX Fund by 10.5% in the 4th quarter. StoneX Group Inc. now owns 4,895 shares of the company’s stock worth $305,000 after purchasing an additional 465 shares during the last quarter. Cottonwood Capital Advisors LLC raised its stake in shares of First Trust Germany AlphaDEX Fund by 4.8% in the 1st quarter. Cottonwood Capital Advisors LLC now owns 19,998 shares of the company’s stock valued at $1,200,000 after purchasing an additional 919 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of First Trust Germany AlphaDEX Fund in the 3rd quarter valued at about $57,000. Finally, Raymond James Financial Inc. lifted its position in shares of First Trust Germany AlphaDEX Fund by 15.3% during the third quarter. Raymond James Financial Inc. now owns 12,808 shares of the company’s stock worth $753,000 after purchasing an additional 1,703 shares during the last quarter.

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.