First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Stock Short Interest Report for October

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 11,553 shares, an increase of 350.1% from the September 30th total of 2,567 shares. Based on an average daily volume of 69,267 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

First Trust Health Care AlphaDEX Fund Price Performance

Shares of NYSEARCA FXH opened at $134.95 on Wednesday. First Trust Health Care AlphaDEX Fund has a 1 year low of $104.53 and a 1 year high of $136.60. The stock has a market capitalization of $1.14 billion, a P/E ratio of 16.75 and a beta of 0.72. The company’s 50-day moving average is $132.25 and its 200 day moving average is $120.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of First Trust Health Care AlphaDEX Fund by 59.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 94,077 shares of the company’s stock worth $11,515,000 after acquiring an additional 35,197 shares in the last quarter. Perryman Financial Advisory Inc. AD purchased a new position in shares of First Trust Health Care AlphaDEX Fund in the 3rd quarter valued at approximately $9,797,000. Royal Bank of Canada lifted its stake 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 valued at $8,570,000 after purchasing an additional 12,680 shares during the period. Beaumont Financial Advisors LLC bought a new stake in shares of First Trust Health Care AlphaDEX Fund during the third quarter valued at approximately $8,068,000. Finally, Paller Financial Services Inc bought a new stake in shares of First Trust Health Care AlphaDEX Fund during the third quarter valued at approximately $4,458,000.

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.