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

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 12,500 shares, a decrease of 59.2% from the May 31st total of 30,602 shares. Based on an average daily trading volume, of 70,027 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are short sold.

First Trust Materials AlphaDEX Fund Trading Down 1.5%

Shares of FXZ stock traded down $1.21 on Monday, hitting $79.24. 19,496 shares of the stock were exchanged, compared to its average volume of 55,302. The firm’s 50 day moving average is $81.14 and its two-hundred day moving average is $75.91. First Trust Materials AlphaDEX Fund has a one year low of $55.67 and a one year high of $85.99. The firm has a market capitalization of $380.35 million, a PE ratio of 17.24 and a beta of 1.02.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Several large investors have recently modified their holdings of FXZ. Western Wealth Management LLC bought a new position in First Trust Materials AlphaDEX Fund in the 1st quarter worth approximately $49,000. NBC Securities Inc. raised its holdings in First Trust Materials AlphaDEX Fund by 25.7% during the 4th quarter. NBC Securities Inc. now owns 837 shares of the company’s stock valued at $54,000 after acquiring an additional 171 shares during the period. Parallel Advisors LLC lifted its position in shares of First Trust Materials AlphaDEX Fund by 25.6% during the first quarter. Parallel Advisors LLC now owns 1,225 shares of the company’s stock worth $93,000 after acquiring an additional 250 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of First Trust Materials AlphaDEX Fund by 75.7% during the first quarter. NewEdge Advisors LLC now owns 1,509 shares of the company’s stock worth $115,000 after acquiring an additional 650 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of First Trust Materials AlphaDEX Fund during the first quarter worth $205,000.

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.