(FBZ) First Trust Brazil AlphaDEX - Ratings and Ratios

The First Trust Brazil AlphaDEX® Fund (NASDAQ:FBZ) is an exchange-traded fund (ETF) designed to provide exposure to Brazilian equities by tracking the NASDAQ Brazil Index through the AlphaDEX® selection methodology. The fund seeks to outperform traditional indices by selecting stocks with the potential for positive alpha, or risk-adjusted returns. It typically invests at least 90% of its net assets in securities from the NASDAQ Brazil Index, leveraging a rules-based approach to identify companies with strong fundamental and operational metrics.

The AlphaDEX® methodology employs a proprietary scoring system to rank stocks in the base index based on factors such as price momentum, revenue, and operating efficiency. This process aims to enhance returns by weighting securities based on their alpha-generating potential rather than market capitalization. The fund is part of First Trusts lineup of AlphaDEX® ETFs, which focus on specific regions or sectors to deliver targeted exposure.

Based on the provided data, the fund currently has an average 20-day trading volume of 1,121 shares, with a last price of $9.94. The short-term moving average (SMA 20) stands at $10.13, slightly above the last price, while the SMA 50 is at $9.90, indicating a potential near-term support level. The SMA 200 at $10.24 suggests a longer-term resistance level. The Average True Range (ATR) of 0.21 reflects low volatility in recent trading activity.

With assets under management (AUM) of $5.36 million, the fund is relatively small compared to other ETFs in its category. This smaller size may result in higher risk due to less liquidity but could also allow for more agile performance in response to market movements.