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

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 12,242 shares, a decrease of 48.6% from the August 31st total of 23,816 shares. Based on an average trading volume of 29,656 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

First Trust Materials AlphaDEX Fund Trading Down 0.7%

Shares of NYSEARCA FXZ traded down $0.55 during mid-day trading on Wednesday, reaching $77.28. The company had a trading volume of 149,417 shares, compared to its average volume of 50,747. The company has a 50-day moving average price of $82.53 and a two-hundred day moving average price of $80.23. The stock has a market cap of $363.22 million, a PE ratio of 17.24 and a beta of 1.05. First Trust Materials AlphaDEX Fund has a 1-year low of $57.87 and a 1-year high of $88.25.

Institutional Trading of First Trust Materials AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of FXZ. Bank of America Corp DE increased its position in shares of First Trust Materials AlphaDEX Fund by 277.6% in the first quarter. Bank of America Corp DE now owns 385,160 shares of the company’s stock worth $29,353,000 after acquiring an additional 283,145 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of First Trust Materials AlphaDEX Fund in the 1st quarter valued at approximately $4,120,000. Royal Bank of Canada lifted its position in shares of First Trust Materials AlphaDEX Fund by 37.1% in the 1st quarter. Royal Bank of Canada now owns 57,511 shares of the company’s stock valued at $4,382,000 after acquiring an additional 15,577 shares in the last quarter. Independent Financial Group LLC acquired a new position in First Trust Materials AlphaDEX Fund in the 1st quarter worth approximately $1,039,000. Finally, Baird Financial Group Inc. acquired a new position in First Trust Materials AlphaDEX Fund in the 2nd quarter worth approximately $594,000.

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.