First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Shares Shorted: Short Interest Up 74.3% in September

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 25,260 shares, a growth of 74.3% from the August 31st total of 14,491 shares. Based on an average trading volume of 81,084 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in First Trust Health Care AlphaDEX Fund by 59.8% during the second quarter. Envestnet Asset Management Inc. now owns 94,077 shares of the company’s stock worth $11,515,000 after purchasing an additional 35,197 shares during the period. Royal Bank of Canada increased its position in 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 worth $8,570,000 after buying an additional 12,680 shares during the last quarter. Perryman Financial Advisory Inc. AD bought a new stake in First Trust Health Care AlphaDEX Fund in the fourth quarter valued at approximately $8,277,000. Waverly Advisors LLC raised its stake in First Trust Health Care AlphaDEX Fund by 4.6% in the second quarter. Waverly Advisors LLC now owns 30,159 shares of the company’s stock valued at $3,692,000 after buying an additional 1,323 shares during the period. Finally, PCG Wealth Advisors LLC lifted its position in shares of First Trust Health Care AlphaDEX Fund by 88.9% in the second quarter. PCG Wealth Advisors LLC now owns 25,948 shares of the company’s stock valued at $3,176,000 after buying an additional 12,213 shares during the last quarter.

First Trust Health Care AlphaDEX Fund Price Performance

Shares of FXH stock opened at $129.10 on Friday. The stock has a market cap of $1.13 billion, a P/E ratio of 16.75 and a beta of 0.72. The company has a fifty day moving average price of $131.18 and a two-hundred day moving average price of $120.94. First Trust Health Care AlphaDEX Fund has a one year low of $104.53 and a one year high of $135.82.

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.