First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Short Interest Down 77.8% in July

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 7,429 shares, a decrease of 77.8% from the June 30th total of 33,496 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 965 shares, the short-interest ratio is presently 7.7 days.

Institutional Investors Weigh In On First Trust Germany AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its position 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 valued at $2,408,000 after buying an additional 36,938 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of First Trust Germany AlphaDEX Fund by 38,572.7% during the second quarter. Transamerica Financial Advisors LLC now owns 4,254 shares of the company’s stock worth $240,000 after acquiring an additional 4,243 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Germany AlphaDEX Fund during the second quarter worth $626,000. Osaic Holdings Inc. bought a new position in shares of First Trust Germany AlphaDEX Fund during the second quarter worth $332,000. Finally, Arlington Capital Management Inc. purchased a new position in First Trust Germany AlphaDEX Fund during the third quarter valued at $3,043,000.

First Trust Germany AlphaDEX Fund Trading Up 0.4%

NASDAQ:FGM opened at $62.01 on Friday. The stock has a 50-day moving average price of $63.99 and a 200 day moving average price of $64.58. The stock has a market capitalization of $96.11 million, a P/E ratio of 13.97 and a beta of 0.95. First Trust Germany AlphaDEX Fund has a 12-month low of $52.93 and a 12-month high of $71.12.

First Trust Germany AlphaDEX Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.8422 dividend. This represents a $3.37 annualized dividend and a yield of 5.4%. The ex-dividend date was Thursday, June 25th.

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.