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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) was the recipient of a significant drop in short interest during 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. Based on an average daily volume of 54,571 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FXH. Allied Private Wealth LLC purchased a new position in First Trust Health Care AlphaDEX Fund in the second quarter worth approximately $37,000. First Heartland Consultants Inc. raised its holdings in First Trust Health Care AlphaDEX Fund by 3.1% in the 2nd quarter. First Heartland Consultants Inc. now owns 9,541 shares of the company’s stock valued at $1,168,000 after buying an additional 287 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in First Trust Health Care AlphaDEX Fund by 9.8% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 5,261 shares of the company’s stock valued at $578,000 after buying an additional 469 shares during the last quarter. NewEdge Advisors LLC boosted its stake in First Trust Health Care AlphaDEX Fund by 53.7% during the first quarter. NewEdge Advisors LLC now owns 10,265 shares of the company’s stock worth $1,127,000 after buying an additional 3,585 shares during the period. Finally, Arkadios Wealth Advisors increased its position in shares of 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 valued at $1,664,000 after acquiring an additional 9,217 shares during the last quarter.

First Trust Health Care AlphaDEX Fund Price Performance

First Trust Health Care AlphaDEX Fund stock traded down $0.39 during trading on Wednesday, reaching $131.13. 16,443 shares of the company were exchanged, compared to its average volume of 33,437. The stock’s 50 day simple moving average is $122.60 and its two-hundred day simple moving average is $116.26. The company has a market capitalization of $1.08 billion, a P/E ratio of 16.75 and a beta of 0.73. First Trust Health Care AlphaDEX Fund has a 52-week low of $103.24 and a 52-week high of $132.40.

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.