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 daily volume of 29,656 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of First Trust Materials AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in shares of First Trust Materials AlphaDEX Fund by 277.6% during the 1st 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. Royal Bank of Canada lifted its stake in First Trust Materials AlphaDEX Fund by 37.1% during the first quarter. Royal Bank of Canada now owns 57,511 shares of the company’s stock worth $4,382,000 after purchasing an additional 15,577 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in First Trust Materials AlphaDEX Fund during the first quarter worth approximately $4,120,000. Commonwealth Equity Services LLC boosted its holdings in First Trust Materials AlphaDEX Fund by 1.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 57,591 shares of the company’s stock valued at $3,733,000 after purchasing an additional 854 shares in the last quarter. Finally, Nilsine Partners LLC boosted its holdings in First Trust Materials AlphaDEX Fund by 1.8% in the second quarter. Nilsine Partners LLC now owns 14,827 shares of the company’s stock valued at $1,178,000 after purchasing an additional 261 shares in the last quarter.

First Trust Materials AlphaDEX Fund Price Performance

Shares of FXZ traded up $0.16 during midday trading on Thursday, reaching $77.44. The stock had a trading volume of 261,185 shares, compared to its average volume of 51,866. The company has a market cap of $363.97 million, a price-to-earnings ratio of 17.24 and a beta of 1.05. The company’s fifty day simple moving average is $82.51 and its two-hundred day simple moving average is $80.24. First Trust Materials AlphaDEX Fund has a 1-year low of $57.87 and a 1-year high of $88.25.

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.