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

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 23,412 shares, an increase of 87.3% from the June 15th total of 12,500 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 50,062 shares, the short-interest ratio is presently 0.5 days.

First Trust Materials AlphaDEX Fund Price Performance

First Trust Materials AlphaDEX Fund stock opened at $75.58 on Friday. First Trust Materials AlphaDEX Fund has a 12-month low of $55.67 and a 12-month high of $85.99. The stock has a market capitalization of $366.56 million, a PE ratio of 17.24 and a beta of 1.03. The firm has a 50 day simple moving average of $80.42 and a 200-day simple moving average of $77.17.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its position 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 acquiring an additional 15,706 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in First Trust Materials AlphaDEX Fund by 141.8% in the first quarter. Jones Financial Companies Lllp now owns 7,415 shares of the company’s stock worth $411,000 after purchasing an additional 4,348 shares in the last quarter. MML Investors Services LLC boosted its stake in First Trust Materials AlphaDEX Fund by 3.1% in the second quarter. MML Investors Services LLC now owns 12,803 shares of the company’s stock worth $729,000 after purchasing an additional 384 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of First Trust Materials AlphaDEX Fund by 120.2% during the second quarter. Geneos Wealth Management Inc. now owns 5,980 shares of the company’s stock worth $341,000 after purchasing an additional 3,264 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of First Trust Materials AlphaDEX Fund during the third quarter worth $3,080,000.

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.