First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Short Interest Update

by · The Markets Daily

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH – Get Free Report) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 14,173 shares, a decrease of 83.8% from the July 15th total of 87,554 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 54,571 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Health Care AlphaDEX Fund Price Performance

FXH traded down $0.28 on Friday, reaching $131.22. 29,502 shares of the company traded hands, compared to its average volume of 33,510. The stock’s 50 day moving average price is $123.24 and its 200-day moving average price is $116.46. First Trust Health Care AlphaDEX Fund has a 52-week low of $104.53 and a 52-week high of $132.40. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 16.75 and a beta of 0.73.

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. Capital Square LLC acquired a new position in shares of First Trust Health Care AlphaDEX Fund in the second quarter worth $231,000. Allied Private Wealth LLC purchased a new stake in shares of First Trust Health Care AlphaDEX Fund during the second quarter worth $37,000. First Heartland Consultants Inc. boosted its position in First Trust Health Care AlphaDEX Fund by 3.1% during the second quarter. First Heartland Consultants Inc. now owns 9,541 shares of the company’s stock valued at $1,168,000 after purchasing an additional 287 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its position in First Trust Health Care AlphaDEX Fund by 9.8% during the first 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 during the last quarter. Finally, NewEdge Advisors LLC grew its stake in First Trust Health Care AlphaDEX Fund by 53.7% in the first quarter. NewEdge Advisors LLC now owns 10,265 shares of the company’s stock valued at $1,127,000 after purchasing an additional 3,585 shares in the last quarter.

About First Trust Health Care AlphaDEX Fund

(Get Free Report)

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.

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