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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 108,252 shares, a growth of 361.4% from the May 31st total of 23,461 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 35,539 shares, the short-interest ratio is currently 3.0 days.

First Trust Health Care AlphaDEX Fund Price Performance

NYSEARCA:FXH traded up $2.47 during trading hours on Friday, hitting $122.92. 14,307 shares of the company were exchanged, compared to its average volume of 26,051. First Trust Health Care AlphaDEX Fund has a 52-week low of $97.52 and a 52-week high of $122.92. The stock has a market capitalization of $952.63 million, a price-to-earnings ratio of 16.75 and a beta of 0.75. The company’s 50 day moving average price is $114.94 and its 200-day moving average price is $114.02.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Pine Valley Investments Ltd Liability Co raised its stake in shares of First Trust Health Care AlphaDEX Fund by 9.8% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 5,261 shares of the company’s stock valued at $578,000 after buying an additional 469 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of First Trust Health Care AlphaDEX Fund by 53.7% in the 1st quarter. NewEdge Advisors LLC now owns 10,265 shares of the company’s stock valued at $1,127,000 after purchasing an additional 3,585 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of First Trust Health Care AlphaDEX Fund by 155.1% in the 1st quarter. Arkadios Wealth Advisors now owns 15,161 shares of the company’s stock valued at $1,664,000 after purchasing an additional 9,217 shares during the period. Royal Bank of Canada boosted its holdings in First Trust Health Care AlphaDEX Fund by 19.4% during the first quarter. Royal Bank of Canada now owns 78,075 shares of the company’s stock worth $8,570,000 after buying an additional 12,680 shares in the last quarter. Finally, Gateway Wealth Partners LLC boosted its holdings in First Trust Health Care AlphaDEX Fund by 110.5% during the first quarter. Gateway Wealth Partners LLC now owns 5,875 shares of the company’s stock worth $645,000 after buying an additional 3,084 shares in the last quarter.

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.