First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Shares Shorted: Short Interest Up 82.0% in September

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 22,277 shares, an increase of 82.0% from the September 15th total of 12,242 shares. Based on an average daily volume of 55,772 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Trading of First Trust Materials AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in FXZ. Atlas Brown Inc. acquired a new stake in First Trust Materials AlphaDEX Fund in the third quarter valued at approximately $361,000. Sound Income Strategies LLC increased its holdings in shares of First Trust Materials AlphaDEX Fund by 3.1% during the third quarter. Sound Income Strategies LLC now owns 4,899 shares of the company’s stock worth $377,000 after buying an additional 145 shares in the last quarter. First Heartland Consultants Inc. acquired a new position in shares of First Trust Materials AlphaDEX Fund during the third quarter worth $309,000. Security National Bank of Sioux City Iowa IA acquired a new position in shares of First Trust Materials AlphaDEX Fund during the second quarter worth $91,000. Finally, Baird Financial Group Inc. acquired a new position in shares of First Trust Materials AlphaDEX Fund during the second quarter worth $594,000.

First Trust Materials AlphaDEX Fund Trading Down 1.6%

Shares of First Trust Materials AlphaDEX Fund stock opened at $76.19 on Thursday. The firm has a market capitalization of $365.71 million, a PE ratio of 17.24 and a beta of 1.07. The firm’s 50 day moving average is $82.40 and its 200 day moving average is $80.56. 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.