First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Sees Unusually-High Trading Volume – What’s Next?

Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw an uptick in trading volume on Friday . 69,135 shares changed hands during trading, an increase of 151% from the previous session’s volume of 27,493 shares.The stock last traded at $103.2590 and had previously closed at $105.36.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The company’s 50-day simple moving average is $99.29 and its 200-day simple moving average is $95.86. The stock has a market capitalization of $524.32 million, a P/E ratio of 24.50 and a beta of 1.20.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 9.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 42,282 shares of the company’s stock valued at $3,856,000 after purchasing an additional 3,786 shares during the period. Founders Financial Securities LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter valued at about $582,000. Proactive Wealth Strategies LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter valued at about $269,000. Comerica Bank raised its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 5.3% in the fourth quarter. Comerica Bank now owns 11,352 shares of the company’s stock valued at $1,035,000 after purchasing an additional 573 shares during the period. Finally, Sigma Planning Corp raised its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 3.7% in the fourth quarter. Sigma Planning Corp now owns 6,441 shares of the company’s stock valued at $587,000 after purchasing an additional 228 shares during the period.

First Trust Mid Cap Growth AlphaDEX Fund Company Profile

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.