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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) shares saw unusually-strong trading volume on Thursday. Approximately 21,963 shares were traded during mid-day trading, a decline of 9% from the previous session’s volume of 24,162 shares. The stock last traded at $97.4990 and had previously closed at $98.73.

First Trust Mid Cap Growth AlphaDEX Fund Stock Down 1.5%

The firm has a market cap of $554.25 million, a PE ratio of 24.50 and a beta of 1.20. The firm’s 50 day moving average is $101.19 and its 200-day moving average is $102.45.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Ascentis Independent Advisors purchased a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter worth $28,000. Western Wealth Management LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the first quarter worth $38,000. Central Pacific Bank Trust Division acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the second quarter worth $44,000. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the second quarter worth $89,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the second quarter valued at $496,000.

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.