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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw an uptick in trading volume on Tuesday . Approximately 27,323 shares changed hands during trading, a decline of 4% from the previous session’s volume of 28,394 shares.The stock last traded at $105.3250 and had previously closed at $107.71.

First Trust Mid Cap Growth AlphaDEX Fund Trading Down 0.9%

The stock’s 50-day simple moving average is $104.52 and its 200-day simple moving average is $98.45. The firm has a market capitalization of $592.52 million, a P/E ratio of 24.50 and a beta of 1.18.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Ascentis Independent Advisors bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the first quarter worth $28,000. Central Pacific Bank Trust Division bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter valued at $44,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter valued at $38,000. MidFirst Bank purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at $52,000. Finally, Advisory Services Network LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter worth $192,000.

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.