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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 840,202 shares, a growth of 50.3% from the October 31st total of 558,849 shares. Based on an average trading volume of 1,900,514 shares, the days-to-cover ratio is presently 0.4 days.

FXH stock opened at $75.98 on Friday. First Trust Health Care AlphaDEX Fund has a 52-week low of $66.88 and a 52-week high of $85.31.

Several hedge funds have recently added to or reduced their stakes in the company. Great Lakes Advisors LLC acquired a new stake in shares of First Trust Health Care AlphaDEX Fund during the third quarter valued at approximately $934,000. Belpointe Asset Management LLC raised its holdings in shares of First Trust Health Care AlphaDEX Fund by 23.6% during the third quarter. Belpointe Asset Management LLC now owns 3,942 shares of the company’s stock valued at $335,000 after acquiring an additional 753 shares during the period. Morgan Stanley raised its holdings in shares of First Trust Health Care AlphaDEX Fund by 20.7% during the third quarter. Morgan Stanley now owns 1,857,710 shares of the company’s stock valued at $157,682,000 after acquiring an additional 318,423 shares during the period. Financial Enhancement Group LLC raised its holdings in shares of First Trust Health Care AlphaDEX Fund by 1,242.5% during the third quarter. Financial Enhancement Group LLC now owns 97,844 shares of the company’s stock valued at $8,305,000 after acquiring an additional 90,556 shares during the period. Finally, Koshinski Asset Management Inc. raised its holdings in shares of First Trust Health Care AlphaDEX Fund by 116.5% during the third quarter. Koshinski Asset Management Inc. now owns 8,447 shares of the company’s stock valued at $717,000 after acquiring an additional 4,546 shares during the period.

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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.

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