First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Short Interest Update

Key Points

• Short interest surged 41.3% — short interest rose to 21,812 shares as of March 13 (about 1.6% of shares short) with a days-to-cover ratio of just 0.7 days based on average volume.
• Institutional buying increased — Jane Street boosted its stake 238% to 52,451 shares and First Trust Advisors LP opened a new position worth roughly $26.97 million, while Flow Traders and others also added to holdings.
• Price and valuation snapshot — FGM traded at $58 with a $78.3M market cap and a P/E of 13.97, trading below its 50‑day moving average ($65.36) in a 52‑week range of $40.61–$71.12.

First Trust Germany AlphaDEX Fund (NASDAQ:FGM - ) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 21,812 shares, an increase of 41.3% from the February 26th total of 15,440 shares. Currently, 1.6% of the company's stock are short sold. Based on an average daily volume of 31,366 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On First Trust Germany AlphaDEX Fund

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC raised its holdings 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 acquiring an additional 36,938 shares in the last quarter. First Trust Advisors LP acquired a new position in First Trust Germany AlphaDEX Fund in the 2nd quarter worth about $26,972,000. Flow Traders U.S. LLC raised its stake in shares of First Trust Germany AlphaDEX Fund by 55.7% during the 2nd quarter. Flow Traders U.S. LLC now owns 25,577 shares of the company's stock worth $1,442,000 after purchasing an additional 9,148 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of First Trust Germany AlphaDEX Fund during the 2nd quarter valued at about $250,000. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of 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 valued at $240,000 after buying an additional 4,243 shares during the last quarter.

First Trust Germany AlphaDEX Fund Price Performance

FGM traded down $0.77 on Friday, reaching $58.00. 871 shares of the company traded hands, compared to its average volume of 21,281. The company has a market cap of $78.30 million, a price-to-earnings ratio of 13.97 and a beta of 0.99. The stock's 50 day moving average price is $65.36 and its 200-day moving average price is $61.70. First Trust Germany AlphaDEX Fund has a 52-week low of $40.61 and a 52-week high of $71.12.

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.

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