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The First Trust Materials AlphaDEX ETF (FXZ) made its debut on 05/08/2007, and is a smart beta exchange traded fund that provides broad exposure to the Materials ETFs category of the market.
Launched on May 8, 2007, the First Trust Materials AlphaDEX ETF (FXZ) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials - Broad segment of the equity market.
First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ - Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 12,242 shares, a decline of 48.6% from the August 31st total of 23,816 shares. Based on an average daily volume of
Making its debut on 05/08/2007, smart beta exchange traded fund First Trust Materials AlphaDEX ETF (FXZ) provides investors broad exposure to the Materials ETFs category of the market.
Looking for broad exposure to the Materials - Broad segment of the equity market? You should consider the First Trust Materials AlphaDEX ETF (FXZ), a passively managed exchange traded fund launched on May 8, 2007.
Materials are often viewed as a sleepy, cyclical corner of the market, but the artificial intelligence (AI) buildout is adding vim and vigor to the sector.
The materials sector appears notably overvalued, with the mining/metals and chemicals industries trading 30%+ above historical valuation baselines. The First Trust Materials AlphaDEX Fund ETF offers materials sector exposure with lower company-specific risk and a value tilt versus XLB. FXZ has outperformed XLB by 1.6% annualized since 2007 and by 17.5% over the last 12 months.
Launched on 05/08/2007, the First Trust Materials AlphaDEX ETF (FXZ) is a smart beta exchange traded fund offering broad exposure to the Materials ETFs category of the market.