First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Sees Large Volume Increase – Should You Buy?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) shares saw unusually-strong trading volume on Thursday. 21,963 shares traded hands during 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 Trading Down 1.5%

The business has a 50 day moving average of $101.19 and a 200-day moving average of $102.45. The stock has a market cap of $554.25 million, a PE 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 made changes to their positions in the stock. Ascentis Independent Advisors acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the first quarter valued at $28,000. Western Wealth Management LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter valued at about $38,000. Central Pacific Bank Trust Division acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $44,000. Integrated Wealth Concepts LLC purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $89,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $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.