First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw strong trading volume on Friday . 69,135 shares changed hands during mid-day 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 Trading Down 3.7%

The business’s 50-day moving average is $99.09 and its two-hundred day moving average is $95.81. The firm has a market cap of $522.67 million, a P/E ratio of 24.50 and a beta of 1.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FNY. Cetera Investment Advisers lifted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 91.0% in the 1st quarter. Cetera Investment Advisers now owns 177,035 shares of the company’s stock worth $16,019,000 after acquiring an additional 84,347 shares during the period. LPL Financial LLC lifted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 11.7% during the fourth quarter. LPL Financial LLC now owns 726,753 shares of the company’s stock valued at $66,276,000 after purchasing an additional 76,380 shares during the last quarter. NewEdge Advisors LLC lifted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 31.8% during the third quarter. NewEdge Advisors LLC now owns 259,716 shares of the company’s stock valued at $23,794,000 after purchasing an additional 62,725 shares during the last quarter. IHT Wealth Management LLC lifted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 1,876.0% during the fourth quarter. IHT Wealth Management LLC now owns 55,783 shares of the company’s stock valued at $5,087,000 after purchasing an additional 52,960 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the third quarter valued at approximately $3,337,000.

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.