Short Interest in First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Grows By 187.5%

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 11,500 shares, an increase of 187.5% from the September 15th total of 4,000 shares. Based on an average trading volume of 24,100 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 24,100 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of First Trust Health Care AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of the company. Jacobi Capital Management LLC boosted its position in First Trust Health Care AlphaDEX Fund by 1.6% during the first quarter. Jacobi Capital Management LLC now owns 7,085 shares of the company’s stock worth $734,000 after acquiring an additional 109 shares during the last quarter. Allworth Financial LP boosted its position in First Trust Health Care AlphaDEX Fund by 9.1% during the first quarter. Allworth Financial LP now owns 1,696 shares of the company’s stock worth $168,000 after acquiring an additional 142 shares during the last quarter. D.A. Davidson & CO. boosted its position in First Trust Health Care AlphaDEX Fund by 3.3% during the second quarter. D.A. Davidson & CO. now owns 5,247 shares of the company’s stock worth $544,000 after acquiring an additional 170 shares during the last quarter. WealthPLAN Partners LLC boosted its position in First Trust Health Care AlphaDEX Fund by 2.8% during the second quarter. WealthPLAN Partners LLC now owns 6,309 shares of the company’s stock worth $654,000 after acquiring an additional 172 shares during the last quarter. Finally, Signature Wealth Management Partners LLC boosted its position in First Trust Health Care AlphaDEX Fund by 6.0% during the first quarter. Signature Wealth Management Partners LLC now owns 3,440 shares of the company’s stock worth $356,000 after acquiring an additional 194 shares during the last quarter.

First Trust Health Care AlphaDEX Fund Stock Performance

Shares of NYSEARCA FXH opened at $111.66 on Friday. First Trust Health Care AlphaDEX Fund has a 1 year low of $91.93 and a 1 year high of $114.39. The firm’s 50 day moving average price is $108.72 and its 200 day moving average price is $103.39. The firm has a market cap of $915.61 million, a P/E ratio of 16.75 and a beta of 0.80.

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.