First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 12,500 shares, a decrease of 59.2% from the May 31st total of 30,602 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 70,027 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund
Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of First Trust Materials AlphaDEX Fund by 37.1% during the first quarter. Royal Bank of Canada now owns 57,511 shares of the company’s stock worth $4,382,000 after purchasing an additional 15,577 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in First Trust Materials AlphaDEX Fund during the 1st quarter worth $205,000. Independent Financial Group LLC acquired a new stake in First Trust Materials AlphaDEX Fund during the 1st quarter worth $1,039,000. Sound Income Strategies LLC grew its holdings in shares of First Trust Materials AlphaDEX Fund by 12.2% during the first quarter. Sound Income Strategies LLC now owns 4,614 shares of the company’s stock worth $357,000 after buying an additional 503 shares in the last quarter. Finally, Carter Financial Group INC. acquired a new stake in shares of First Trust Materials AlphaDEX Fund in the first quarter valued at about $226,000.
First Trust Materials AlphaDEX Fund Stock Up 0.3%
Shares of NYSEARCA FXZ traded up $0.20 during trading on Tuesday, hitting $79.44. The company had a trading volume of 19,500 shares, compared to its average volume of 55,010. The firm has a market capitalization of $381.31 million, a price-to-earnings ratio of 17.24 and a beta of 1.02. The stock has a fifty day simple moving average of $81.15 and a two-hundred day simple moving average of $76.14. First Trust Materials AlphaDEX Fund has a fifty-two week low of $55.67 and a fifty-two week high of $85.99.
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.
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