First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Shares Shorted: Short Interest Down 89.8% in September

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,567 shares, a drop of 89.8% from the September 15th total of 25,260 shares. Based on an average daily volume of 42,347 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its position in First Trust Health Care AlphaDEX Fund by 59.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 94,077 shares of the company’s stock valued at $11,515,000 after acquiring an additional 35,197 shares in the last quarter. Royal Bank of Canada raised its position in shares of First Trust Health Care AlphaDEX Fund by 19.4% in the 1st quarter. Royal Bank of Canada now owns 78,075 shares of the company’s stock worth $8,570,000 after acquiring an additional 12,680 shares in the last quarter. Perryman Financial Advisory Inc. AD bought a new position in shares of First Trust Health Care AlphaDEX Fund in the 4th quarter worth approximately $8,277,000. Waverly Advisors LLC raised its position in shares of First Trust Health Care AlphaDEX Fund by 4.6% in the 2nd quarter. Waverly Advisors LLC now owns 30,159 shares of the company’s stock worth $3,692,000 after acquiring an additional 1,323 shares in the last quarter. Finally, PCG Wealth Advisors LLC lifted its stake in shares of First Trust Health Care AlphaDEX Fund by 88.9% in the 2nd quarter. PCG Wealth Advisors LLC now owns 25,948 shares of the company’s stock valued at $3,176,000 after purchasing an additional 12,213 shares during the period.

First Trust Health Care AlphaDEX Fund Stock Up 1.4%

Shares of FXH traded up $1.76 during trading hours on Friday, reaching $130.15. 75,116 shares of the company traded hands, compared to its average volume of 39,194. The company’s fifty day moving average price is $131.50 and its two-hundred day moving average price is $121.77. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 16.75 and a beta of 0.72. First Trust Health Care AlphaDEX Fund has a 12 month low of $104.53 and a 12 month high of $135.82.

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.