First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Shares Down 0.8% – Here’s What Happened

Shares of First Trust Germany AlphaDEX Fund (NASDAQ:FGM) dropped 0.8% during trading on Thursday . The company traded as low as $37.54 and last traded at $37.54. Approximately 31 shares were traded during trading, a decline of 97% from the average daily volume of 1,103 shares. The stock had previously closed at $37.84.

First Trust Germany AlphaDEX Fund Stock Down 0.8 %

The firm has a market cap of $7.51 million, a P/E ratio of 7.67 and a beta of 1.11. The company’s 50 day simple moving average is $38.78 and its 200-day simple moving average is $38.49.

Institutional Trading of First Trust Germany AlphaDEX Fund

An institutional investor recently raised its position in First Trust Germany AlphaDEX Fund stock. Jane Street Group LLC boosted its stake in First Trust Germany AlphaDEX Fund (NASDAQ:FGM) by 38.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,151 shares of the company’s stock after buying an additional 13,965 shares during the quarter. Jane Street Group LLC owned approximately 25.08% of First Trust Germany AlphaDEX Fund worth $2,003,000 at the end of the most recent reporting period.

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.