First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Short Interest Update
by Amy Steele · The Cerbat GemFirst Trust Materials AlphaDEX Fund (NYSEARCA:FXZ – Get Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 87,228 shares, an increase of 142.0% from the March 15th total of 36,050 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 75,420 shares, the days-to-cover ratio is currently 1.2 days.
Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. lifted its holdings in First Trust Materials AlphaDEX Fund by 25.7% during the fourth quarter. NBC Securities Inc. now owns 837 shares of the company’s stock valued at $54,000 after purchasing an additional 171 shares in the last quarter. Kesler Norman & Wride LLC lifted its position in shares of First Trust Materials AlphaDEX Fund by 1.9% in the fourth 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 in the last quarter. MML Investors Services LLC lifted its position 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 valued at $729,000 after acquiring an additional 384 shares in the last quarter. Kestra Advisory Services LLC lifted its position 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 valued at $928,000 after acquiring an additional 413 shares in the last quarter. Finally, MGO One Seven LLC lifted its position in shares of First Trust Materials AlphaDEX Fund by 10.3% in the third quarter. MGO One Seven LLC now owns 4,601 shares of the company’s stock valued at $283,000 after acquiring an additional 430 shares in the last quarter.
First Trust Materials AlphaDEX Fund Stock Performance
Shares of NYSEARCA FXZ opened at $79.62 on Friday. The firm has a fifty day moving average of $76.16 and a 200 day moving average of $68.48. The firm has a market cap of $374.21 million, a PE ratio of 17.24 and a beta of 1.07. First Trust Materials AlphaDEX Fund has a one year low of $49.25 and a one year high of $80.12.
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.