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

Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw an uptick in trading volume on Thursday. 21,963 shares traded hands 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 Trading Down 0.5%

The firm has a market capitalization of $550.56 million, a P/E ratio of 24.50 and a beta of 1.20. The company has a 50-day moving average of $100.76 and a 200-day moving average of $102.44.

Hedge Funds Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ascentis Independent Advisors bought a new position in First Trust Mid Cap Growth AlphaDEX Fund during the first quarter worth $28,000. Central Pacific Bank Trust Division bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the second quarter worth about $44,000. Western Wealth Management LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter worth $38,000. Integrated Wealth Concepts LLC purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter valued at approximately $89,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter worth about $496,000.

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.