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

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 18,017 shares, a decline of 59.4% from the July 15th total of 44,358 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 46,966 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Several large investors have recently bought and sold shares of FXZ. Western Wealth Management LLC acquired a new stake in shares of First Trust Materials AlphaDEX Fund in the 1st quarter worth approximately $49,000. NBC Securities Inc. lifted its position in First Trust Materials AlphaDEX Fund by 25.7% in the fourth quarter. NBC Securities Inc. now owns 837 shares of the company’s stock worth $54,000 after purchasing an additional 171 shares during the period. Parallel Advisors LLC lifted its position in First Trust Materials AlphaDEX Fund by 25.6% in the first quarter. Parallel Advisors LLC now owns 1,225 shares of the company’s stock worth $93,000 after purchasing an additional 250 shares during the period. NewEdge Advisors LLC lifted its position in First Trust Materials AlphaDEX Fund by 75.7% in the first quarter. NewEdge Advisors LLC now owns 1,509 shares of the company’s stock worth $115,000 after purchasing an additional 650 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in First Trust Materials AlphaDEX Fund during the 1st quarter valued at $205,000.

First Trust Materials AlphaDEX Fund Stock Performance

Shares of FXZ stock opened at $83.77 on Monday. First Trust Materials AlphaDEX Fund has a 1 year low of $57.87 and a 1 year high of $85.99. The stock has a fifty day moving average of $79.84 and a two-hundred day moving average of $78.57. The firm has a market capitalization of $402.10 million, a PE ratio of 17.24 and a beta of 1.04.

About First Trust Materials AlphaDEX Fund

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.