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 target 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. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 24,392 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vivaldi Capital Management LP increased its holdings in shares of First Trust Health Care AlphaDEX Fund by 4.4% in the third quarter. Vivaldi Capital Management LP now owns 2,575 shares of the company’s stock valued at $282,000 after purchasing an additional 109 shares during the last quarter. Insight Advisors LLC PA increased its holdings in shares of First Trust Health Care AlphaDEX Fund by 3.0% in the third quarter. Insight Advisors LLC PA now owns 3,789 shares of the company’s stock valued at $416,000 after purchasing an additional 110 shares during the last quarter. First Heartland Consultants Inc. increased its holdings in shares of First Trust Health Care AlphaDEX Fund by 1.4% in the third quarter. First Heartland Consultants Inc. now owns 9,420 shares of the company’s stock valued at $1,033,000 after purchasing an additional 134 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of First Trust Health Care AlphaDEX Fund by 18.8% in the fourth quarter. NBC Securities Inc. now owns 867 shares of the company’s stock valued at $99,000 after purchasing an additional 137 shares during the last quarter. Finally, Prospera Financial Services Inc increased its holdings in shares of First Trust Health Care AlphaDEX Fund by 2.6% in the third quarter. Prospera Financial Services Inc now owns 7,121 shares of the company’s stock valued at $782,000 after purchasing an additional 179 shares during the last quarter.

First Trust Health Care AlphaDEX Fund Trading Up 0.1%

Shares of NYSEARCA:FXH traded up $0.13 on Friday, hitting $117.52. The company had a trading volume of 234,610 shares, compared to its average volume of 24,846. First Trust Health Care AlphaDEX Fund has a 1-year low of $97.52 and a 1-year high of $120.34. The stock has a market cap of $910.78 million, a price-to-earnings ratio of 16.75 and a beta of 0.75. The stock has a 50 day moving average price of $113.82 and a 200 day moving average price of $113.95.

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.