Short Interest in First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Drops By 93.2%

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 15,440 shares, a drop of 93.2% from the February 12th total of 226,769 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 12,136 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 12,136 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.1% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Germany AlphaDEX Fund

Hedge funds have recently modified their holdings of the stock. First Trust Advisors LP purchased a new position in shares of First Trust Germany AlphaDEX Fund during the 2nd quarter worth approximately $26,972,000. Arlington Capital Management Inc. acquired a new stake in shares of First Trust Germany AlphaDEX Fund in the third quarter valued at about $3,043,000. &PARTNERS purchased a new position in First Trust Germany AlphaDEX Fund in the fourth quarter valued at about $3,077,000. Jane Street Group LLC lifted its position in shares of 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 valued at $2,408,000 after acquiring an additional 36,938 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of First Trust Germany AlphaDEX Fund during the 2nd quarter worth approximately $626,000.

First Trust Germany AlphaDEX Fund Trading Up 0.9%

FGM stock opened at $62.30 on Wednesday. The company has a market capitalization of $84.10 million, a P/E ratio of 13.97 and a beta of 0.99. The business has a 50 day simple moving average of $66.59 and a 200-day simple moving average of $61.51. First Trust Germany AlphaDEX Fund has a twelve month low of $40.61 and a twelve month high of $71.12.

First Trust Germany AlphaDEX Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.0392 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.16 annualized dividend and a yield of 0.3%.

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.