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

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 23,816 shares, an increase of 113.1% from the August 15th total of 11,177 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 23,129 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FXZ. Royal Bank of Canada increased its position in First Trust Materials AlphaDEX Fund by 31.2% in the 1st quarter. Royal Bank of Canada now owns 66,097 shares of the company’s stock valued at $3,665,000 after acquiring an additional 15,706 shares during the period. Jones Financial Companies Lllp boosted its position in First Trust Materials AlphaDEX Fund by 141.8% during the 1st quarter. Jones Financial Companies Lllp now owns 7,415 shares of the company’s stock worth $411,000 after acquiring an additional 4,348 shares during the period. MML Investors Services LLC grew its stake in shares of First Trust Materials AlphaDEX Fund by 3.1% in the second quarter. MML Investors Services LLC now owns 12,803 shares of the company’s stock worth $729,000 after purchasing an additional 384 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of First Trust Materials AlphaDEX Fund by 120.2% in the second quarter. Geneos Wealth Management Inc. now owns 5,980 shares of the company’s stock worth $341,000 after purchasing an additional 3,264 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of First Trust Materials AlphaDEX Fund during the third quarter valued at $3,080,000.

First Trust Materials AlphaDEX Fund Trading Down 2.1%

First Trust Materials AlphaDEX Fund stock traded down $1.79 during midday trading on Monday, reaching $81.95. 15,307 shares of the stock traded hands, compared to its average volume of 50,658. First Trust Materials AlphaDEX Fund has a fifty-two week low of $57.87 and a fifty-two week high of $88.25. The firm has a market cap of $393.36 million, a price-to-earnings ratio of 17.24 and a beta of 1.05. The firm has a fifty day moving average price of $81.57 and a two-hundred day moving average price of $79.92.

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.