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

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 21,812 shares, a growth of 41.3% from the February 26th total of 15,440 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 31,366 shares, the days-to-cover ratio is currently 0.7 days.

First Trust Germany AlphaDEX Fund Stock Down 1.3%

Shares of NASDAQ:FGM traded down $0.77 during trading on Friday, reaching $58.00. The stock had a trading volume of 871 shares, compared to its average volume of 21,281. The stock has a fifty day simple moving average of $65.36 and a two-hundred day simple moving average of $61.70. First Trust Germany AlphaDEX Fund has a 52 week low of $40.61 and a 52 week high of $71.12. The firm has a market capitalization of $78.30 million, a price-to-earnings ratio of 13.97 and a beta of 0.99.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its position in 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 worth $2,408,000 after acquiring an additional 36,938 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of First Trust Germany AlphaDEX Fund in the second quarter valued at about $26,972,000. Flow Traders U.S. LLC grew its position in shares of First Trust Germany AlphaDEX Fund by 55.7% in the second quarter. Flow Traders U.S. LLC now owns 25,577 shares of the company’s stock valued at $1,442,000 after purchasing an additional 9,148 shares during the last quarter. StoneX Group Inc. bought a new position in shares of First Trust Germany AlphaDEX Fund in the second quarter worth about $250,000. Finally, Transamerica Financial Advisors LLC increased its stake in shares of First Trust Germany AlphaDEX Fund by 38,572.7% in 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.

First Trust Germany AlphaDEX Fund Company Profile

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.