First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH – Get Free Report) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 14,173 shares, a decline of 83.8% from the July 15th total of 87,554 shares. Based on an average daily volume of 54,571 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.
First Trust Health Care AlphaDEX Fund Trading Down 0.2%
NYSEARCA:FXH traded down $0.32 during trading hours on Thursday, hitting $131.50. 30,463 shares of the stock traded hands, compared to its average volume of 33,537. The firm has a 50 day moving average price of $123.24 and a 200 day moving average price of $116.46. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 16.75 and a beta of 0.73. First Trust Health Care AlphaDEX Fund has a fifty-two week low of $104.13 and a fifty-two week high of $132.40.
Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund
Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp raised its stake in shares of First Trust Health Care AlphaDEX Fund by 59.6% during the 1st quarter. Jones Financial Companies Lllp now owns 3,819 shares of the company’s stock worth $396,000 after purchasing an additional 1,426 shares in the last quarter. Empowered Funds LLC bought a new position in First Trust Health Care AlphaDEX Fund during the first quarter valued at approximately $871,000. MML Investors Services LLC lifted its stake in First Trust Health Care AlphaDEX Fund by 9.9% in the second quarter. MML Investors Services LLC now owns 14,723 shares of the company’s stock valued at $1,526,000 after acquiring an additional 1,330 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in First Trust Health Care AlphaDEX Fund by 1,822.7% in the second quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock valued at $87,000 after acquiring an additional 802 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in First Trust Health Care AlphaDEX Fund by 570.8% in the second quarter. Corient Private Wealth LLC now owns 30,990 shares of the company’s stock worth $3,213,000 after acquiring an additional 26,370 shares in the last quarter.
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.
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