First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Short Interest Up 92.3% in May

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) was the recipient of a significant increase in short interest during the month of 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 trading volume of 24,392 shares, the short-interest ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Balboa Wealth Partners acquired a new position in shares of First Trust Health Care AlphaDEX Fund in the fourth quarter worth approximately $252,000. Paller Financial Services Inc acquired a new position in shares of First Trust Health Care AlphaDEX Fund in the fourth quarter worth approximately $4,354,000. Park Avenue Securities LLC acquired a new position in shares of First Trust Health Care AlphaDEX Fund in the fourth quarter worth approximately $338,000. GAMMA Investing LLC lifted its stake in shares of First Trust Health Care AlphaDEX Fund by 173.6% in the fourth quarter. GAMMA Investing LLC now owns 1,573 shares of the company’s stock worth $179,000 after acquiring an additional 998 shares during the period. Finally, Ameriflex Group Inc. lifted its stake in shares of 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 acquiring an additional 490 shares during the period.

First Trust Health Care AlphaDEX Fund Stock Performance

Shares of NYSEARCA:FXH traded down $0.07 during midday trading on Monday, hitting $117.45. 65,705 shares of the stock were exchanged, compared to its average volume of 25,207. The stock has a market capitalization of $910.24 million, a price-to-earnings ratio of 16.75 and a beta of 0.75. The business’s 50-day moving average price is $113.96 and its 200 day moving average price is $113.95. First Trust Health Care AlphaDEX Fund has a 12 month low of $97.52 and a 12 month high of $120.34.

About First Trust Health Care AlphaDEX Fund

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.