Short Interest in First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Grows By 159.9%

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 33,496 shares, an increase of 159.9% from the June 15th total of 12,889 shares. Based on an average trading volume of 3,876 shares, the days-to-cover ratio is presently 8.6 days. Approximately 2.2% of the company’s stock are short sold.

First Trust Germany AlphaDEX Fund Stock Up 0.7%

Shares of First Trust Germany AlphaDEX Fund stock traded up $0.47 during midday trading on Wednesday, hitting $63.31. The company had a trading volume of 414 shares, compared to its average volume of 14,197. The company has a fifty day simple moving average of $64.53 and a 200 day simple moving average of $64.60. The stock has a market cap of $98.13 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 $52.93 and a 12-month high of $71.12.

First Trust Germany AlphaDEX Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.8422 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $3.37 dividend on an annualized basis and a dividend yield of 5.3%.

Hedge Funds Weigh In On First Trust Germany AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. StoneX Group Inc. raised its stake in shares of First Trust Germany AlphaDEX Fund by 10.5% in the fourth quarter. StoneX Group Inc. now owns 4,895 shares of the company’s stock worth $305,000 after purchasing an additional 465 shares during the last quarter. Advisory Services Network LLC purchased a new stake in First Trust Germany AlphaDEX Fund in the third quarter valued at approximately $57,000. Raymond James Financial Inc. boosted its position in First Trust Germany AlphaDEX Fund by 15.3% in the third quarter. Raymond James Financial Inc. now owns 12,808 shares of the company’s stock valued at $753,000 after buying an additional 1,703 shares during the last quarter. Osaic Holdings Inc. acquired a new position in First Trust Germany AlphaDEX Fund in the 2nd quarter worth approximately $332,000. Finally, Transamerica Financial Advisors LLC raised its position 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 worth $240,000 after buying 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.