First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Short Interest Down 38.0% in August

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 11,177 shares, a decrease of 38.0% from the July 30th total of 18,017 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 46,005 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of First Trust Materials AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FXZ. Parallel Advisors LLC lifted its stake in shares of First Trust Materials AlphaDEX Fund by 25.6% in the 1st quarter. Parallel Advisors LLC now owns 1,225 shares of the company’s stock valued at $93,000 after acquiring an additional 250 shares during the last quarter. Independent Financial Group LLC acquired a new position in First Trust Materials AlphaDEX Fund in the 1st quarter valued at approximately $1,039,000. D.A. Davidson & CO. acquired a new stake in First Trust Materials AlphaDEX Fund in the first quarter valued at $4,120,000. Sanctuary Advisors LLC bought a new position in shares of First Trust Materials AlphaDEX Fund during the first quarter worth about $205,000. Finally, Fifth Third Bancorp raised its holdings in First Trust Materials AlphaDEX Fund by 42.9% during the 1st quarter. Fifth Third Bancorp now owns 2,859 shares of the company’s stock worth $218,000 after purchasing an additional 859 shares during the last quarter.

First Trust Materials AlphaDEX Fund Stock Performance

FXZ opened at $86.02 on Monday. The company has a market cap of $412.90 million, a P/E ratio of 17.24 and a beta of 1.04. The company’s 50 day moving average is $80.47 and its 200-day moving average is $79.37. First Trust Materials AlphaDEX Fund has a 1-year low of $57.87 and a 1-year high of $88.25.

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.