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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw a significant increase in short interest during 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 daily trading volume, of 35,539 shares, the days-to-cover ratio is presently 3.0 days. Approximately 1.4% of the company’s stock are short sold.

First Trust Health Care AlphaDEX Fund Trading Up 2.1%

Shares of FXH stock traded up $2.47 during trading hours on Friday, reaching $122.92. 14,307 shares of the company’s stock were exchanged, compared to its average volume of 26,051. First Trust Health Care AlphaDEX Fund has a 1 year low of $97.52 and a 1 year high of $122.92. The stock has a market cap of $952.63 million, a PE ratio of 16.75 and a beta of 0.75. The stock’s fifty day moving average price is $114.94 and its two-hundred day moving average price is $114.02.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Several large investors have recently bought and sold shares of the stock. Pine Valley Investments Ltd Liability Co increased its stake in First Trust Health Care AlphaDEX Fund by 9.8% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 5,261 shares of the company’s stock valued at $578,000 after purchasing an additional 469 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of 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. Arkadios Wealth Advisors grew its holdings 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 buying an additional 9,217 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of First Trust Health Care AlphaDEX Fund by 19.4% during the first quarter. Royal Bank of Canada now owns 78,075 shares of the company’s stock valued at $8,570,000 after buying an additional 12,680 shares during the last quarter. Finally, Gateway Wealth Partners LLC increased its position in shares of First Trust Health Care AlphaDEX Fund by 110.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 5,875 shares of the company’s stock valued at $645,000 after acquiring an additional 3,084 shares during the period.

First Trust Health Care AlphaDEX Fund Company Profile

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.