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

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) saw a significant 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. Based on an average daily volume of 50,062 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC grew its position in shares of First Trust Materials AlphaDEX Fund by 75.7% in the first quarter. NewEdge Advisors LLC now owns 1,509 shares of the company’s stock valued at $115,000 after purchasing an additional 650 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of First Trust Materials AlphaDEX Fund in the first quarter worth about $49,000. Bank of America Corp DE lifted its position in shares of First Trust Materials AlphaDEX Fund by 277.6% during the 1st quarter. Bank of America Corp DE now owns 385,160 shares of the company’s stock worth $29,353,000 after purchasing an additional 283,145 shares during the last quarter. Royal Bank of Canada lifted its position in shares of First Trust Materials AlphaDEX Fund by 37.1% during the 1st quarter. Royal Bank of Canada now owns 57,511 shares of the company’s stock worth $4,382,000 after purchasing an additional 15,577 shares during the last quarter. Finally, Barometer Capital Management Inc. bought a new stake in First Trust Materials AlphaDEX Fund during the 1st quarter valued at approximately $236,000.

First Trust Materials AlphaDEX Fund Stock Performance

Shares of First Trust Materials AlphaDEX Fund stock traded down $1.13 on Thursday, reaching $75.85. The stock had a trading volume of 92,796 shares, compared to its average volume of 55,200. The business’s 50-day moving average price is $80.61 and its two-hundred day moving average price is $77.11. The stock has a market cap of $367.87 million, a P/E ratio of 17.24 and a beta of 1.03. First Trust Materials AlphaDEX Fund has a fifty-two week low of $55.67 and a fifty-two week high of $85.99.

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.