Short Interest in First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Drops By 26.5%

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) was the target of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 53,047 shares, a decrease of 26.5% from the February 12th total of 72,198 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average trading volume of 36,765 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 36,765 shares, the short-interest ratio is currently 1.4 days. Approximately 1.3% of the company’s shares are short sold.

Institutional Trading of First Trust Materials AlphaDEX Fund

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in shares of First Trust Materials AlphaDEX Fund by 31.2% in 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 period. Jones Financial Companies Lllp grew its position in First Trust Materials AlphaDEX Fund by 141.8% during the first quarter. Jones Financial Companies Lllp now owns 7,415 shares of the company’s stock valued at $411,000 after acquiring an additional 4,348 shares during the period. Envestnet Asset Management Inc. increased its stake in First Trust Materials AlphaDEX Fund by 7.6% during the second quarter. Envestnet Asset Management Inc. now owns 55,004 shares of the company’s stock worth $3,132,000 after acquiring an additional 3,902 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of First Trust Materials AlphaDEX Fund by 9.7% in the 2nd quarter. AE Wealth Management LLC now owns 2,373 shares of the company’s stock worth $135,000 after purchasing an additional 210 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of First Trust Materials AlphaDEX Fund by 2.5% in the 2nd quarter. Cetera Investment Advisers now owns 92,316 shares of the company’s stock worth $5,257,000 after purchasing an additional 2,255 shares during the period.

First Trust Materials AlphaDEX Fund Stock Performance

First Trust Materials AlphaDEX Fund stock traded down $2.04 during trading on Friday, reaching $74.00. The company had a trading volume of 37,112 shares, compared to its average volume of 48,768. First Trust Materials AlphaDEX Fund has a 12-month low of $46.13 and a 12-month high of $80.01. The stock’s 50 day moving average price is $74.88 and its two-hundred day moving average price is $66.61. The firm has a market capitalization of $292.30 million, a price-to-earnings ratio of 17.24 and a beta of 1.15.

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.