First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Short Interest Up 89.5% in July

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 44,358 shares, an increase of 89.5% from the June 30th total of 23,412 shares. Based on an average daily volume of 53,832 shares, the short-interest ratio is presently 0.8 days. Currently, 0.9% of the shares of the company are sold short.

Institutional Trading of First Trust Materials AlphaDEX Fund

Hedge funds have recently made changes to their positions in the company. Barometer Capital Management Inc. purchased a new position in shares of First Trust Materials AlphaDEX Fund in the first quarter worth about $236,000. Independent Financial Group LLC purchased a new stake in shares of First Trust Materials AlphaDEX Fund during the 1st quarter valued at approximately $1,039,000. D.A. Davidson & CO. purchased a new stake in shares of First Trust Materials AlphaDEX Fund during the 1st quarter valued at approximately $4,120,000. Sound Income Strategies LLC boosted its holdings in First Trust Materials AlphaDEX Fund by 12.2% in the 1st quarter. Sound Income Strategies LLC now owns 4,614 shares of the company’s stock worth $357,000 after buying an additional 503 shares during the period. Finally, Carter Financial Group INC. bought a new position in First Trust Materials AlphaDEX Fund in the 1st quarter worth approximately $226,000.

First Trust Materials AlphaDEX Fund Trading Down 1.7%

First Trust Materials AlphaDEX Fund stock opened at $76.68 on Friday. First Trust Materials AlphaDEX Fund has a 12 month low of $55.67 and a 12 month high of $85.99. The business’s 50 day simple moving average is $79.92 and its 200 day simple moving average is $77.87. The company has a market cap of $368.06 million, a price-to-earnings ratio of 17.24 and a beta of 1.03.

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.