First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Shares Shorted: Short Interest Up 82.0% in September

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 22,277 shares, a growth of 82.0% from the September 15th total of 12,242 shares. Based on an average daily trading volume, of 55,772 shares, the short-interest ratio is currently 0.4 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Trading of First Trust Materials AlphaDEX Fund

Hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC acquired a new position in First Trust Materials AlphaDEX Fund during the first quarter valued at approximately $49,000. Security National Bank of Sioux City Iowa IA acquired a new position in shares of First Trust Materials AlphaDEX Fund during the 2nd quarter worth approximately $91,000. Parallel Advisors LLC increased its position in shares of First Trust Materials AlphaDEX Fund by 25.6% during the 1st quarter. Parallel Advisors LLC now owns 1,225 shares of the company’s stock worth $93,000 after purchasing an additional 250 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of First Trust Materials AlphaDEX Fund by 75.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,509 shares of the company’s stock worth $115,000 after purchasing an additional 650 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of First Trust Materials AlphaDEX Fund during the 1st quarter worth approximately $205,000.

First Trust Materials AlphaDEX Fund Stock Down 1.6%

FXZ opened at $76.19 on Thursday. First Trust Materials AlphaDEX Fund has a 12 month low of $57.87 and a 12 month high of $88.25. The company has a fifty day simple moving average of $82.40 and a 200 day simple moving average of $80.56. The stock has a market cap of $365.71 million, a P/E ratio of 17.24 and a beta of 1.07.

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.