Short Interest in First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Drops By 31.3%

Key Points

• Short interest in the First Trust Germany AlphaDEX Fund (NASDAQ:FGM) dropped by 31.3% in September, falling from 8,000 shares to 5,500 shares.
• Several institutional investors have significantly increased their stakes in the fund, with Jane Street Group LLC boosting its stake by 238.1% in the first quarter.
• The First Trust Germany AlphaDEX Fund saw a slight increase of 0.3% in stock price, trading at $60.46 with a market cap of $75.58 million.

First Trust Germany AlphaDEX Fund (NASDAQ:FGM - ) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 5,500 shares, a decline of 31.3% from the August 31st total of 8,000 shares. Based on an average trading volume of 7,800 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 7,800 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On First Trust Germany AlphaDEX Fund

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC boosted its stake in shares of First Trust Germany AlphaDEX Fund by 238.1% during the 1st 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Germany AlphaDEX Fund during the 2nd quarter worth about $626,000. Osaic Holdings Inc. acquired a new stake in shares of First Trust Germany AlphaDEX Fund during the 2nd quarter worth about $332,000. Transamerica Financial Advisors LLC boosted its stake 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 worth $240,000 after purchasing an additional 4,243 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of First Trust Germany AlphaDEX Fund during the 2nd quarter worth about $26,972,000.

First Trust Germany AlphaDEX Fund Stock Up 0.3%

NASDAQ FGM traded up $0.18 on Monday, hitting $60.46. 9,928 shares of the stock were exchanged, compared to its average volume of 10,420. First Trust Germany AlphaDEX Fund has a fifty-two week low of $35.98 and a fifty-two week high of $60.68. The company has a market cap of $75.58 million, a PE ratio of 13.97 and a beta of 1.11. The company has a 50-day moving average price of $57.42 and a 200-day moving average price of $53.97.

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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