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

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

Institutional Trading of First Trust Health Care AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Health Care AlphaDEX Fund by 14,737.6% in the fourth 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 during the period. Perryman Financial Advisory Inc. AD bought a new position in shares of First Trust Health Care AlphaDEX Fund during the 4th quarter valued at approximately $8,277,000. Bank of America Corp DE grew its stake in shares of First Trust Health Care AlphaDEX Fund by 21.1% during the 3rd quarter. Bank of America Corp DE now owns 312,581 shares of the company’s stock valued at $34,281,000 after acquiring an additional 54,400 shares during the period. 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 increased its holdings in First Trust Health Care AlphaDEX Fund by 570.8% in the 2nd quarter. Corient Private Wealth LLC now owns 30,990 shares of the company’s stock worth $3,213,000 after acquiring an additional 26,370 shares in the last quarter.

First Trust Health Care AlphaDEX Fund Price Performance

NYSEARCA:FXH opened at $122.92 on Monday. First Trust Health Care AlphaDEX Fund has a one year low of $97.52 and a one year high of $122.92. The business has a fifty day moving average price of $114.94 and a 200-day moving average price of $114.02. The firm has a market capitalization of $952.63 million, a price-to-earnings ratio of 16.75 and a beta of 0.75.

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.