First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 30,368 shares, a growth of 162.9% from the October 15th total of 11,553 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 35,894 shares, the short-interest ratio is presently 0.8 days.
Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund
A number of institutional investors have recently bought and sold shares of the business. Pinnacle Bancorp Inc. acquired a new stake in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter valued at about $26,000. TD Waterhouse Canada Inc. bought a new stake in shares of First Trust Health Care AlphaDEX Fund in the 3rd quarter valued at approximately $29,000. Quest 10 Wealth Builders Inc. acquired a new position in First Trust Health Care AlphaDEX Fund in the third quarter worth approximately $30,000. Allied Private Wealth LLC acquired a new position in First Trust Health Care AlphaDEX Fund in the second quarter worth approximately $37,000. Finally, Physician Wealth Advisors Inc. acquired a new position in First Trust Health Care AlphaDEX Fund in the third quarter worth approximately $40,000.
First Trust Health Care AlphaDEX Fund Stock Performance
FXH traded down $0.80 during trading on Friday, reaching $136.97. The company had a trading volume of 8,007 shares, compared to its average volume of 39,901. The firm’s 50-day simple moving average is $133.30 and its 200 day simple moving average is $121.87. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 22.54 and a beta of 0.73. First Trust Health Care AlphaDEX Fund has a 12-month low of $104.53 and a 12-month high of $143.96.
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.
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