First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Sees Large Growth in Short Interest

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 23,300 shares, a growth of 35.5% from the September 30th total of 17,200 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 19,000 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 19,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Trading of First Trust Materials AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FXZ. Motco bought a new stake in shares of First Trust Materials AlphaDEX Fund during the 2nd quarter valued at $43,000. Ameritas Advisory Services LLC bought a new stake in shares of First Trust Materials AlphaDEX Fund during the 2nd quarter valued at $135,000. AE Wealth Management LLC raised its position in shares of First Trust Materials AlphaDEX Fund by 9.7% during the 2nd quarter. AE Wealth Management LLC now owns 2,373 shares of the company’s stock valued at $135,000 after purchasing an additional 210 shares during the period. CX Institutional raised its position in shares of First Trust Materials AlphaDEX Fund by 26,611.1% during the 3rd quarter. CX Institutional now owns 2,404 shares of the company’s stock valued at $148,000 after purchasing an additional 2,395 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of First Trust Materials AlphaDEX Fund by 22.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,716 shares of the company’s stock valued at $151,000 after purchasing an additional 500 shares during the period.

First Trust Materials AlphaDEX Fund Stock Performance

Shares of First Trust Materials AlphaDEX Fund stock traded down $1.15 on Tuesday, hitting $58.52. 28,332 shares of the company’s stock were exchanged, compared to its average volume of 25,963. The company has a 50-day simple moving average of $61.68 and a 200-day simple moving average of $58.46. The stock has a market capitalization of $201.89 million, a PE ratio of 17.24 and a beta of 1.15. First Trust Materials AlphaDEX Fund has a 1 year low of $46.13 and a 1 year high of $67.69.

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.