First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Short Interest Update

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 14,173 shares, a drop of 83.8% from the July 15th total of 87,554 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 54,571 shares, the short-interest ratio is currently 0.3 days.

First Trust Health Care AlphaDEX Fund Stock Down 0.3%

NYSEARCA FXH traded down $0.39 on Wednesday, reaching $131.13. The stock had a trading volume of 16,443 shares, compared to its average volume of 33,437. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 16.75 and a beta of 0.73. First Trust Health Care AlphaDEX Fund has a 12-month low of $103.24 and a 12-month high of $132.40. The stock has a fifty day moving average price of $122.60 and a two-hundred day moving average price of $116.26.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FXH. Allied Private Wealth LLC purchased a new stake in shares of First Trust Health Care AlphaDEX Fund in the 2nd quarter valued at $37,000. First Heartland Consultants Inc. boosted its holdings in First Trust Health Care AlphaDEX Fund by 3.1% during the 2nd quarter. First Heartland Consultants Inc. now owns 9,541 shares of the company’s stock valued at $1,168,000 after acquiring an additional 287 shares during the period. Pine Valley Investments Ltd Liability Co grew its position in First Trust Health Care AlphaDEX Fund by 9.8% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 5,261 shares of the company’s stock valued at $578,000 after acquiring an additional 469 shares in the last quarter. NewEdge Advisors LLC grew its position in 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 acquiring an additional 3,585 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its stake in First Trust Health Care AlphaDEX Fund by 155.1% during the first quarter. Arkadios Wealth Advisors now owns 15,161 shares of the company’s stock worth $1,664,000 after purchasing an additional 9,217 shares during the period.

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.