First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Sees Large Growth in Short Interest

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) was the recipient of a large increase in short interest during the month of 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 daily volume of 3,876 shares, the days-to-cover ratio is presently 8.6 days. Approximately 2.2% of the shares of the stock are short sold.

First Trust Germany AlphaDEX Fund Stock Performance

First Trust Germany AlphaDEX Fund stock opened at $62.43 on Tuesday. The business’s fifty day moving average is $64.57 and its two-hundred day moving average is $64.59. The firm has a market cap of $96.77 million, a P/E ratio of 13.97 and a beta of 0.95. First Trust Germany AlphaDEX Fund has a 52 week low of $52.93 and a 52 week high of $71.12.

First Trust Germany AlphaDEX Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.8422 dividend. This represents a $3.37 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Germany AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in FGM. First Trust Advisors LP increased its position in First Trust Germany AlphaDEX Fund by 52.6% in the 1st quarter. First Trust Advisors LP now owns 925,098 shares of the company’s stock valued at $55,522,000 after acquiring an additional 318,845 shares in the last quarter. Arlington Capital Management Inc. bought a new position in shares of First Trust Germany AlphaDEX Fund in the third quarter worth about $3,043,000. &PARTNERS acquired a new position in shares of First Trust Germany AlphaDEX Fund during the fourth quarter worth approximately $3,077,000. Jane Street Group LLC lifted its position in shares of First Trust Germany AlphaDEX Fund by 238.1% during the first 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. Finally, Raymond James Financial Inc. acquired a new position in shares of First Trust Germany AlphaDEX Fund during the second quarter worth approximately $626,000.

First Trust Germany AlphaDEX Fund Company Profile

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.