Short Interest in First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Declines By 38.0%

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 11,177 shares, a decline of 38.0% from the July 30th total of 18,017 shares. Based on an average daily volume of 46,005 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Several large investors have recently modified their holdings of FXZ. Western Wealth Management LLC bought a new stake in shares of First Trust Materials AlphaDEX Fund during the 1st quarter worth approximately $49,000. Parallel Advisors LLC lifted its position 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 worth $93,000 after purchasing an additional 250 shares during the period. NewEdge Advisors LLC lifted its holdings in First Trust Materials AlphaDEX Fund by 75.7% during the first quarter. NewEdge Advisors LLC now owns 1,509 shares of the company’s stock worth $115,000 after buying an additional 650 shares during the period. Sanctuary Advisors LLC bought a new position in shares of First Trust Materials AlphaDEX Fund in the 1st quarter worth $205,000. Finally, Fifth Third Bancorp lifted its position in shares of First Trust Materials AlphaDEX Fund by 42.9% during the first quarter. Fifth Third Bancorp now owns 2,859 shares of the company’s stock valued at $218,000 after buying an additional 859 shares during the last quarter.

First Trust Materials AlphaDEX Fund Stock Performance

FXZ traded down $1.04 during trading on Tuesday, reaching $84.42. 48,252 shares of the company traded hands, compared to its average volume of 51,669. First Trust Materials AlphaDEX Fund has a 12-month low of $57.87 and a 12-month high of $88.25. The firm has a fifty day simple moving average of $80.53 and a 200 day simple moving average of $79.42. The company has a market cap of $405.22 million, a P/E ratio of 17.24 and a beta of 1.04.

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.