First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Short Interest Up 65.2% in May

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 14,014 shares, an increase of 65.2% from the May 14th total of 8,481 shares. Based on an average daily trading volume, of 1,696 shares, the days-to-cover ratio is presently 8.3 days. Approximately 0.8% of the shares of the stock are short sold.

First Trust Germany AlphaDEX Fund Stock Performance

Shares of NASDAQ:FGM opened at $65.28 on Tuesday. First Trust Germany AlphaDEX Fund has a twelve month low of $52.93 and a twelve month high of $71.12. The firm has a market cap of $117.51 million, a PE ratio of 13.97 and a beta of 0.94. The business has a fifty day moving average of $64.76 and a 200-day moving average of $64.09.

Institutional Trading of First Trust Germany AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new stake in shares of First Trust Germany AlphaDEX Fund in the third quarter valued at $57,000. Transamerica Financial Advisors LLC increased its stake in shares of First Trust Germany AlphaDEX Fund by 38,572.7% in the second quarter. Transamerica Financial Advisors LLC now owns 4,254 shares of the company’s stock valued at $240,000 after buying an additional 4,243 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of First Trust Germany AlphaDEX Fund in the first quarter valued at $280,000. StoneX Group Inc. increased 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 valued at $305,000 after buying an additional 465 shares in the last quarter. Finally, Osaic Holdings Inc. acquired a new stake in First Trust Germany AlphaDEX Fund in the second quarter worth about $332,000.

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.