First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Large Decline in Short Interest

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 14,565 shares, a decrease of 35.3% from the April 15th total of 22,515 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 19,072 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FXH. Northwestern Mutual Wealth Management Co. lifted its position in First Trust Health Care AlphaDEX Fund by 14,737.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,225,142 shares of the company’s stock worth $139,446,000 after buying an additional 1,216,885 shares in the last quarter. Perryman Financial Advisory Inc. AD purchased a new stake in First Trust Health Care AlphaDEX Fund in the 4th quarter worth approximately $8,277,000. Bank of America Corp DE lifted its position in First Trust Health Care AlphaDEX Fund by 21.1% in the 3rd quarter. Bank of America Corp DE now owns 312,581 shares of the company’s stock worth $34,281,000 after buying an additional 54,400 shares in the last quarter. Paller Financial Services Inc purchased a new stake in First Trust Health Care AlphaDEX Fund in the 4th quarter worth approximately $4,354,000. Finally, Corient Private Wealth LLC raised its holdings in shares of First Trust Health Care AlphaDEX Fund by 570.8% during the 2nd quarter. Corient Private Wealth LLC now owns 30,990 shares of the company’s stock valued at $3,213,000 after purchasing an additional 26,370 shares in the last quarter.

First Trust Health Care AlphaDEX Fund Stock Performance

Shares of NYSEARCA:FXH traded up $0.72 during mid-day trading on Monday, hitting $113.33. The stock had a trading volume of 29,609 shares, compared to its average volume of 24,131. First Trust Health Care AlphaDEX Fund has a 12-month low of $97.52 and a 12-month high of $120.34. The company has a market cap of $878.31 million, a PE ratio of 16.75 and a beta of 0.75. The company’s 50 day moving average is $111.09 and its 200-day moving average is $113.48.

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.