First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Sees Strong Trading Volume – Here’s What Happened

Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw an uptick in trading volume on Tuesday . Approximately 27,323 shares traded hands during mid-day trading, a decline of 4% from the previous session’s volume of 28,394 shares.The stock last traded at $105.3250 and had previously closed at $107.71.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The stock has a market cap of $589.38 million, a price-to-earnings ratio of 24.50 and a beta of 1.18. The business has a fifty day moving average of $104.32 and a 200 day moving average of $98.25.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FNY. Ascentis Independent Advisors acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter valued at $28,000. Western Wealth Management LLC bought a new position in First Trust Mid Cap Growth AlphaDEX Fund during the first quarter valued at about $38,000. MidFirst Bank bought a new position in First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter valued at about $52,000. Advisory Services Network LLC bought a new position in First Trust Mid Cap Growth AlphaDEX Fund during the third quarter valued at about $192,000. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 4.2% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,729 shares of the company’s stock worth $249,000 after buying an additional 109 shares during the last quarter.

About First Trust Mid Cap Growth AlphaDEX Fund

The First Trust Mid Cap Growth AlphaDEX Fund (FNY) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Growth index. The fund tracks a tiered equal-weighted index of mid-cap growth stocks selected by AlphaDex selection methodology from the S&P 400 Index. FNY was launched on Apr 18, 2011 and is managed by First Trust.