First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Short Interest Up 41.3% in March

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

First Trust Germany AlphaDEX Fund Stock Down 0.2%

FGM stock traded down $0.11 during trading on Monday, reaching $57.90. The company’s stock had a trading volume of 5,294 shares, compared to its average volume of 21,013. First Trust Germany AlphaDEX Fund has a 1 year low of $40.61 and a 1 year high of $71.12. The company has a market capitalization of $78.17 million, a P/E ratio of 13.97 and a beta of 0.99. The company’s fifty day moving average is $65.36 and its 200-day moving average is $61.76.

Institutional Trading of First Trust Germany AlphaDEX Fund

Several institutional investors have recently made changes to their positions in FGM. Jane Street Group LLC lifted its holdings in First Trust Germany AlphaDEX Fund by 238.1% in the 1st quarter. Jane Street Group LLC now owns 52,451 shares of the company’s stock worth $2,408,000 after purchasing an additional 36,938 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of First Trust Germany AlphaDEX Fund during the second quarter valued at approximately $26,972,000. Flow Traders U.S. LLC lifted its holdings 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 worth $1,442,000 after buying an additional 9,148 shares in the last quarter. StoneX Group Inc. purchased a new position in shares of First Trust Germany AlphaDEX Fund in the second quarter worth $250,000. Finally, Transamerica Financial Advisors LLC boosted its position in shares of 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 worth $240,000 after acquiring an additional 4,243 shares during the last quarter.

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.