Short Interest in First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Drops By 59.4%

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 18,017 shares, a decrease of 59.4% from the July 15th total of 44,358 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 46,966 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Materials AlphaDEX Fund Price Performance

NYSEARCA:FXZ traded up $0.89 on Friday, reaching $83.77. 22,243 shares of the company’s stock were exchanged, compared to its average volume of 53,720. The firm has a market cap of $402.10 million, a price-to-earnings ratio of 17.24 and a beta of 1.04. First Trust Materials AlphaDEX Fund has a 52 week low of $57.87 and a 52 week high of $85.99. The stock has a fifty day simple moving average of $79.84 and a 200-day simple moving average of $78.54.

Institutional Trading of First Trust Materials AlphaDEX Fund

Institutional investors have recently modified their holdings of the business. NBC Securities Inc. boosted its holdings in First Trust Materials AlphaDEX Fund by 25.7% in the 4th quarter. NBC Securities Inc. now owns 837 shares of the company’s stock worth $54,000 after buying an additional 171 shares during the period. Kesler Norman & Wride LLC raised its holdings in First Trust Materials AlphaDEX Fund by 1.9% during the 4th quarter. Kesler Norman & Wride LLC now owns 13,229 shares of the company’s stock valued at $858,000 after acquiring an additional 244 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. MML Investors Services LLC lifted its position in shares of First Trust Materials AlphaDEX Fund by 3.1% during the second quarter. MML Investors Services LLC now owns 12,803 shares of the company’s stock worth $729,000 after acquiring an additional 384 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in shares of First Trust Materials AlphaDEX Fund by 3.0% in the fourth quarter. Kestra Advisory Services LLC now owns 14,310 shares of the company’s stock worth $928,000 after acquiring an additional 413 shares during the period.

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.