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

A number of institutional investors have recently added to or reduced their stakes in FXH. Advisory Services Network LLC acquired a new position in First Trust Health Care AlphaDEX Fund during the third quarter worth $42,000. Founders Financial Alliance LLC acquired a new position in First Trust Health Care AlphaDEX Fund during the third quarter worth $55,000. O Shaughnessy Asset Management LLC increased its holdings in First Trust Health Care AlphaDEX Fund by 1,145.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 498 shares of the company’s stock worth $57,000 after buying an additional 458 shares during the last quarter. Ameriflex Group Inc. increased its holdings in First Trust Health Care AlphaDEX Fund by 322.4% during the third quarter. Ameriflex Group Inc. now owns 642 shares of the company’s stock worth $70,000 after buying an additional 490 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in First Trust Health Care AlphaDEX Fund by 1,822.7% during the second quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock worth $87,000 after buying an additional 802 shares during the last quarter.

First Trust Health Care AlphaDEX Fund Stock Performance

FXH traded up $0.13 during trading on Friday, reaching $117.52. 234,610 shares of the stock were exchanged, compared to its average volume of 24,846. The stock has a market cap of $910.78 million, a P/E ratio of 16.75 and a beta of 0.75. First Trust Health Care AlphaDEX Fund has a twelve month low of $97.52 and a twelve month high of $120.34. The stock’s 50 day moving average price is $113.82 and its two-hundred day moving average price is $113.95.

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.