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

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 23,816 shares, a growth of 113.1% from the August 15th total of 11,177 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 23,129 shares, the short-interest ratio is currently 1.0 days.

First Trust Materials AlphaDEX Fund Trading Down 2.1%

FXZ stock traded down $1.79 during mid-day trading on Monday, hitting $81.95. 15,307 shares of the company were exchanged, compared to its average volume of 50,658. The company has a market capitalization of $393.36 million, a PE ratio of 17.24 and a beta of 1.05. First Trust Materials AlphaDEX Fund has a twelve month low of $57.87 and a twelve month high of $88.25. The firm has a fifty day simple moving average of $81.57 and a 200 day simple moving average of $79.92.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Large investors have recently bought and sold shares of the business. Bank of America Corp DE raised 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 purchasing an additional 283,145 shares during the period. Ameriprise Financial Inc. grew its stake in First Trust Materials AlphaDEX Fund by 15.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 124,960 shares of the company’s stock worth $7,662,000 after buying an additional 16,382 shares during the last quarter. Royal Bank of Canada grew its stake in First Trust Materials AlphaDEX Fund by 31.2% during the 1st quarter. Royal Bank of Canada now owns 66,097 shares of the company’s stock worth $3,665,000 after buying an additional 15,706 shares during the last quarter. Summit Financial LLC increased its position in First Trust Materials AlphaDEX Fund by 813.9% in the fourth quarter. Summit Financial LLC now owns 63,029 shares of the company’s stock worth $4,086,000 after buying an additional 56,132 shares during the period. Finally, UBS Group AG increased its position in First Trust Materials AlphaDEX Fund by 5.9% in the third quarter. UBS Group AG now owns 62,571 shares of the company’s stock worth $3,854,000 after buying an additional 3,466 shares during the period.

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.