First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Stock Falls 0.9% – Here’s What Happened

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) shares traded down 0.9% during trading on Monday. The company traded as low as $99.12 and last traded at $99.22. 3,358 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 24,159 shares. The stock had previously closed at $100.08.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The company has a fifty day moving average of $102.38 and a two-hundred day moving average of $102.08. The stock has a market capitalization of $565.55 million, a P/E ratio of 24.50 and a beta of 1.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ascentis Independent Advisors purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter valued at about $28,000. Central Pacific Bank Trust Division acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the second quarter valued at approximately $44,000. Western Wealth Management LLC acquired a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter worth $38,000. MidFirst Bank bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter valued at approximately $52,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter worth $89,000.

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.