Short Interest in First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Grows By 89.5%

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 44,358 shares, a growth 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 currently 0.8 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Trading of First Trust Materials AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new position in shares of First Trust Materials AlphaDEX Fund during the 1st quarter worth $49,000. NBC Securities Inc. raised its holdings in shares of First Trust Materials AlphaDEX Fund by 25.7% during the 4th quarter. NBC Securities Inc. now owns 837 shares of the company’s stock valued at $54,000 after purchasing an additional 171 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of First Trust Materials AlphaDEX Fund by 25.6% in the 1st quarter. Parallel Advisors LLC now owns 1,225 shares of the company’s stock valued at $93,000 after purchasing an additional 250 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of First Trust Materials AlphaDEX Fund by 75.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,509 shares of the company’s stock valued at $115,000 after purchasing an additional 650 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in First Trust Materials AlphaDEX Fund in the first quarter worth $205,000.

First Trust Materials AlphaDEX Fund Stock Performance

Shares of NYSEARCA FXZ opened at $76.31 on Thursday. The stock has a market cap of $366.29 million, a price-to-earnings ratio of 17.24 and a beta of 1.03. The business has a 50 day simple moving average of $80.01 and a 200 day simple moving average of $77.83. First Trust Materials AlphaDEX Fund has a 52 week low of $55.67 and a 52 week high of $85.99.

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.