Short Interest in First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Rises By 11,238.5%

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 226,769 shares, a growth of 11,238.5% from the January 29th total of 2,000 shares. Based on an average trading volume of 44,765 shares, the days-to-cover ratio is presently 5.1 days. Currently, 16.8% of the company’s stock are sold short. Currently, 16.8% of the company’s stock are sold short. Based on an average trading volume of 44,765 shares, the days-to-cover ratio is presently 5.1 days.

First Trust Germany AlphaDEX Fund Price Performance

Shares of FGM opened at $69.64 on Friday. The business’s 50-day moving average is $66.24 and its 200-day moving average is $61.11. The company has a market capitalization of $94.01 million, a price-to-earnings ratio of 13.97 and a beta of 0.99. First Trust Germany AlphaDEX Fund has a fifty-two week low of $40.61 and a fifty-two week high of $71.12.

First Trust Germany AlphaDEX Fund Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, December 12th.

Hedge Funds Weigh In On First Trust Germany AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FGM. &PARTNERS acquired a new position in shares of First Trust Germany AlphaDEX Fund in the fourth quarter worth $3,077,000. Kestra Advisory Services LLC grew its stake in First Trust Germany AlphaDEX Fund by 0.5% in the fourth quarter. Kestra Advisory Services LLC now owns 54,475 shares of the company’s stock valued at $3,397,000 after purchasing an additional 269 shares in the last quarter. First Trust Advisors LP grew its stake in First Trust Germany AlphaDEX Fund by 2.1% in the fourth quarter. First Trust Advisors LP now owns 606,253 shares of the company’s stock valued at $37,807,000 after purchasing an additional 12,750 shares in the last quarter. Jane Street Group LLC increased its position in First Trust Germany AlphaDEX Fund by 59.6% in the 4th quarter. Jane Street Group LLC now owns 41,191 shares of the company’s stock worth $2,569,000 after purchasing an additional 15,375 shares during the last quarter. Finally, StoneX Group Inc. raised its stake in shares of First Trust Germany AlphaDEX Fund by 10.5% during the 4th quarter. StoneX Group Inc. now owns 4,895 shares of the company’s stock worth $305,000 after purchasing an additional 465 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.