First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Unusually-High Trading Volume – Time to Buy?

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw unusually-strong trading volume on Wednesday . Approximately 87,443 shares were traded during trading, an increase of 150% from the previous session’s volume of 34,950 shares.The stock last traded at $134.1140 and had previously closed at $133.01.

First Trust Health Care AlphaDEX Fund Stock Performance

The stock has a market cap of $1.11 billion, a PE ratio of 16.75 and a beta of 0.73. The business has a 50 day moving average price of $128.25 and a two-hundred day moving average price of $118.46.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Hedge funds have recently bought and sold shares of the business. Vivaldi Capital Management LP grew its stake in First Trust Health Care AlphaDEX Fund by 4.4% in the 3rd quarter. Vivaldi Capital Management LP now owns 2,575 shares of the company’s stock valued at $282,000 after purchasing an additional 109 shares during the period. Ameritas Advisory Services LLC raised its stake in shares of First Trust Health Care AlphaDEX Fund by 9.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 2,022 shares of the company’s stock worth $247,000 after purchasing an additional 173 shares during the period. International Assets Investment Management LLC raised its stake in shares of First Trust Health Care AlphaDEX Fund by 6.2% during the 4th quarter. International Assets Investment Management LLC now owns 3,888 shares of the company’s stock worth $442,000 after purchasing an additional 228 shares during the period. First Heartland Consultants Inc. raised its stake in shares of First Trust Health Care AlphaDEX Fund by 3.1% during the 2nd quarter. First Heartland Consultants Inc. now owns 9,541 shares of the company’s stock worth $1,168,000 after purchasing an additional 287 shares during the period. Finally, Allied Private Wealth LLC purchased a new position in shares of First Trust Health Care AlphaDEX Fund in the 2nd quarter worth about $37,000.

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.