First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Trading Down 0.8% – Should You Sell?

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) dropped 0.8% during trading on Thursday . The stock traded as low as $37.54 and last traded at $37.54. Approximately 31 shares were traded during trading, a decline of 97% from the average daily volume of 1,103 shares. The stock had previously closed at $37.84.

First Trust Germany AlphaDEX Fund Stock Performance

The stock’s 50-day moving average price is $38.78 and its 200-day moving average price is $38.49. The company has a market capitalization of $7.53 million, a price-to-earnings ratio of 7.67 and a beta of 1.11.

Institutional Investors Weigh In On First Trust Germany AlphaDEX Fund

A hedge fund recently raised its stake in First Trust Germany AlphaDEX Fund stock. Jane Street Group LLC increased its position in shares of First Trust Germany AlphaDEX Fund (NASDAQ:FGM) by 38.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,151 shares of the company’s stock after purchasing an additional 13,965 shares during the quarter. Jane Street Group LLC owned 25.08% of First Trust Germany AlphaDEX Fund worth $2,003,000 at the end of the most recent reporting period.

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.