First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Short Interest Update

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 4,124 shares, a decline of 43.4% from the August 31st total of 7,290 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 1,113 shares, the short-interest ratio is presently 3.7 days.

First Trust Germany AlphaDEX Fund Trading Down 0.9%

Shares of FGM traded down $0.55 during trading hours on Wednesday, reaching $59.20. The company had a trading volume of 849 shares, compared to its average volume of 10,834. The company has a market capitalization of $91.76 million, a price-to-earnings ratio of 13.97 and a beta of 0.95. First Trust Germany AlphaDEX Fund has a 12-month low of $54.50 and a 12-month high of $71.12. The firm has a 50 day simple moving average of $62.86 and a 200-day simple moving average of $63.31.

First Trust Germany AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be issued a $0.1906 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 24th. This is a negative change from First Trust Germany AlphaDEX Fund’s previous quarterly dividend of $0.8422.

Hedge Funds Weigh In On First Trust Germany AlphaDEX Fund

A number of hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers acquired a new stake in shares of First Trust Germany AlphaDEX Fund in the 1st quarter valued at approximately $280,000. First Trust Advisors LP increased its stake in shares of First Trust Germany AlphaDEX Fund by 52.6% in the first quarter. First Trust Advisors LP now owns 925,098 shares of the company’s stock valued at $55,522,000 after buying an additional 318,845 shares during the period. Finally, Cottonwood Capital Advisors LLC boosted its position in shares of First Trust Germany AlphaDEX Fund by 4.8% during the 1st quarter. Cottonwood Capital Advisors LLC now owns 19,998 shares of the company’s stock valued at $1,200,000 after purchasing an additional 919 shares in 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.