First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Sees Significant Drop in Short Interest

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 2,000 shares, a decline of 70.6% from the January 15th total of 6,808 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 5,409 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 5,409 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

First Trust Germany AlphaDEX Fund Stock Performance

Shares of NASDAQ FGM traded down $0.08 during midday trading on Friday, hitting $68.62. 311,104 shares of the company’s stock traded hands, compared to its average volume of 23,657. The firm has a fifty day moving average of $64.79 and a 200 day moving average of $60.30. First Trust Germany AlphaDEX Fund has a 1 year low of $40.61 and a 1 year high of $71.12. The stock has a market capitalization of $92.64 million, a price-to-earnings ratio of 13.97 and a beta of 0.99.

First Trust Germany AlphaDEX Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.0392 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust Germany AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in First Trust Germany AlphaDEX Fund during the third quarter valued at $57,000. Transamerica Financial Advisors LLC grew its holdings in First Trust Germany AlphaDEX Fund by 38,572.7% during the 2nd 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 during the last quarter. StoneX Group Inc. bought a new position in First Trust Germany AlphaDEX Fund during the 2nd quarter valued at about $250,000. Osaic Holdings Inc. purchased a new stake in First Trust Germany AlphaDEX Fund in the 2nd quarter worth about $332,000. Finally, Genesee Capital Advisors LLC bought a new stake in First Trust Germany AlphaDEX Fund in the fourth quarter worth about $635,000.

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.