First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Short Interest Update

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 44,358 shares, an increase of 89.5% from the June 30th total of 23,412 shares. Based on an average daily volume of 53,832 shares, the short-interest ratio is presently 0.8 days. Approximately 0.9% of the company’s shares are sold short.

First Trust Materials AlphaDEX Fund Trading Down 1.7%

NYSEARCA FXZ traded down $1.32 during trading hours on Friday, hitting $76.68. 20,869 shares of the company’s stock were exchanged, compared to its average volume of 54,224. The stock has a 50-day simple moving average of $79.99 and a 200 day simple moving average of $77.88. First Trust Materials AlphaDEX Fund has a 1-year low of $55.67 and a 1-year high of $85.99. The firm has a market cap of $368.06 million, a price-to-earnings ratio of 17.24 and a beta of 1.03.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of First Trust Materials AlphaDEX Fund by 277.6% in the 1st quarter. Bank of America Corp DE now owns 385,160 shares of the company’s stock valued at $29,353,000 after acquiring an additional 283,145 shares in the last quarter. Summit Financial LLC boosted its stake in First Trust Materials AlphaDEX Fund by 813.9% during the fourth quarter. Summit Financial LLC now owns 63,029 shares of the company’s stock worth $4,086,000 after acquiring an additional 56,132 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in First Trust Materials AlphaDEX Fund in the first quarter worth $4,120,000. BNP Paribas Financial Markets acquired a new stake in First Trust Materials AlphaDEX Fund in the third quarter worth $3,080,000. Finally, Ameriprise Financial Inc. grew its holdings in First Trust Materials AlphaDEX Fund by 15.1% in the third quarter. Ameriprise Financial Inc. now owns 124,960 shares of the company’s stock worth $7,662,000 after purchasing an additional 16,382 shares during the period.

First Trust Materials AlphaDEX Fund Company Profile

The First Trust Materials AlphaDEX Fund (FXZ) is an exchange-traded fund that is based on the StrataQuant Materials index. The fund tracks a tiered, equal-weighted index of large- and mid-cap basic materials firms in the US. Holdings are selected and weighted based on growth and value metrics. FXZ was launched on May 8, 2007 and is managed by First Trust.