First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Short Interest Down 85.0% in March

Key Points

• Short interest plunged 85.0% to 3,265 shares as of March 31 (about 0.2% of shares sold short), with a days-to-cover ratio of only 0.3 days based on average daily volume.
• Shares rose 1.0% to $65.06 mid-day, giving the fund a $117.11 million market cap and a P/E of 13.97; the 50‑ and 200‑day SMAs are $64.36 and $61.93, respectively, with a 12‑month range of $45.23–$71.12.
• Institutional buying increased: First Trust Advisors added 12,750 shares, Arlington Capital boosted its stake by 64% (+33,118 shares), Jane Street grew holdings by 238% (+36,938 shares), and &PARTNERS established a new ~$3.08M position.

First Trust Germany AlphaDEX Fund (NASDAQ:FGM - ) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 3,265 shares, a decrease of 85.0% from the March 15th total of 21,812 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 10,199 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Germany AlphaDEX Fund Stock Up 1.0%

Shares of NASDAQ FGM traded up $0.61 during mid-day trading on Friday, reaching $65.06. 5,506 shares of the company were exchanged, compared to its average volume of 20,496. The stock has a market capitalization of $117.11 million, a P/E ratio of 13.97 and a beta of 0.96. The company's 50-day simple moving average is $64.36 and its 200-day simple moving average is $61.93. First Trust Germany AlphaDEX Fund has a twelve month low of $45.23 and a twelve month high of $71.12.

Institutional Investors Weigh In On First Trust Germany AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the company. First Trust Advisors LP increased its stake in shares of First Trust Germany AlphaDEX Fund by 2.1% during the fourth quarter. First Trust Advisors LP now owns 606,253 shares of the company's stock worth $37,807,000 after purchasing an additional 12,750 shares during the period. Arlington Capital Management Inc. boosted its stake in First Trust Germany AlphaDEX Fund by 64.0% in the 4th quarter. Arlington Capital Management Inc. now owns 84,859 shares of the company's stock valued at $5,292,000 after purchasing an additional 33,118 shares during the period. Kestra Advisory Services LLC boosted its stake in First Trust Germany AlphaDEX Fund by 0.5% in the 4th 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 during the period. Jane Street Group LLC grew its holdings in First Trust Germany AlphaDEX Fund by 238.1% in the 1st quarter. Jane Street Group LLC now owns 52,451 shares of the company's stock valued at $2,408,000 after buying an additional 36,938 shares in the last quarter. Finally, &PARTNERS bought a new position in First Trust Germany AlphaDEX Fund during the 4th quarter worth $3,077,000.

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.

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