Short Interest in First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Increases By 143.8%

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 45,274 shares, a growth of 143.8% from the December 31st total of 18,573 shares. Based on an average daily volume of 30,349 shares, the short-interest ratio is presently 1.5 days. Currently, 1.3% of the company’s shares are sold short. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 30,349 shares, the short-interest ratio is presently 1.5 days.

First Trust Materials AlphaDEX Fund Stock Down 3.2%

Shares of NYSEARCA:FXZ traded down $2.37 during trading on Friday, reaching $71.87. The stock had a trading volume of 93,686 shares, compared to its average volume of 58,119. The stock has a market cap of $265.92 million, a P/E ratio of 17.24 and a beta of 1.15. The business has a fifty day moving average price of $67.27 and a 200-day moving average price of $62.93. First Trust Materials AlphaDEX Fund has a fifty-two week low of $46.13 and a fifty-two week high of $75.44.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FXZ. NBC Securities Inc. grew its position in shares of First Trust Materials AlphaDEX Fund by 25.7% in the fourth quarter. NBC Securities Inc. now owns 837 shares of the company’s stock valued at $54,000 after purchasing an additional 171 shares during the period. Farther Finance Advisors LLC grew its holdings in First Trust Materials AlphaDEX Fund by 53.4% in the 4th quarter. Farther Finance Advisors LLC now owns 10,036 shares of the company’s stock valued at $651,000 after buying an additional 3,493 shares during the period. Sound Income Strategies LLC purchased a new stake in First Trust Materials AlphaDEX Fund in the 4th quarter valued at about $266,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of First Trust Materials AlphaDEX Fund by 4.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 73,991 shares of the company’s stock valued at $5,131,000 after acquiring an additional 2,853 shares during the last quarter. Finally, Petix & Botte Co purchased a new position in shares of First Trust Materials AlphaDEX Fund during the 3rd quarter worth about $211,000.

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.