First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Short Interest Update

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 23,461 shares, an increase of 92.3% from the May 14th total of 12,202 shares. Based on an average daily volume of 24,392 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in shares of First Trust Health Care AlphaDEX Fund in the third quarter valued at $42,000. Founders Financial Alliance LLC bought a new stake in First Trust Health Care AlphaDEX Fund in the third quarter worth $55,000. O Shaughnessy Asset Management LLC lifted its position in First Trust Health Care AlphaDEX Fund by 1,145.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 498 shares of the company’s stock worth $57,000 after buying an additional 458 shares during the last quarter. Ameriflex Group Inc. lifted its position in First Trust Health Care AlphaDEX Fund by 322.4% in the third quarter. Ameriflex Group Inc. now owns 642 shares of the company’s stock worth $70,000 after buying an additional 490 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in First Trust Health Care AlphaDEX Fund by 1,822.7% in the second quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock worth $87,000 after buying an additional 802 shares during the last quarter.

First Trust Health Care AlphaDEX Fund Trading Down 0.2%

Shares of FXH stock traded down $0.29 on Tuesday, reaching $117.16. The company’s stock had a trading volume of 25,180 shares, compared to its average volume of 25,207. The stock’s fifty day simple moving average is $113.96 and its 200-day simple moving average is $113.95. First Trust Health Care AlphaDEX Fund has a 1 year low of $97.52 and a 1 year high of $120.34. The company has a market capitalization of $907.99 million, a price-to-earnings ratio of 16.75 and a beta of 0.75.

First Trust Health Care AlphaDEX Fund Company Profile

The First Trust Health Care AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the StrataQuant Health Care Index. The StrataQuant Health Care Index is an index developed, maintained and sponsored by the NYSE Group, Inc or its affiliates (NYSE), which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index.