Short Interest in First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Expands By 211.7%

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 7,480 shares, a growth of 211.7% from the November 30th total of 2,400 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 5,641 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 5,641 shares, the short-interest ratio is currently 1.3 days. Currently, 0.6% of the shares of the stock are short sold.

First Trust Germany AlphaDEX Fund Stock Up 0.5%

Shares of FGM stock opened at $62.26 on Friday. The company’s fifty day simple moving average is $59.27 and its two-hundred day simple moving average is $57.79. First Trust Germany AlphaDEX Fund has a 52 week low of $37.84 and a 52 week high of $62.44. The stock has a market cap of $77.83 million, a P/E ratio of 13.97 and a beta of 0.99.

First Trust Germany AlphaDEX Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be paid a dividend of $0.0392 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%.

Institutional Trading of First Trust Germany AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in shares of First Trust Germany AlphaDEX Fund during the 3rd quarter valued at approximately $57,000. Transamerica Financial Advisors LLC raised its stake 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 valued at $240,000 after purchasing an additional 4,243 shares in the last quarter. StoneX Group Inc. bought a new position in First Trust Germany AlphaDEX Fund during the second quarter valued at $250,000. Osaic Holdings Inc. purchased a new position in shares of First Trust Germany AlphaDEX Fund in the 2nd quarter worth $332,000. Finally, Raymond James Financial Inc. purchased a new position in shares of First Trust Germany AlphaDEX Fund in the 2nd quarter worth $626,000.

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.