First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Sees Strong Trading Volume – Time to Buy?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) saw unusually-strong trading volume on Friday . Approximately 77,447 shares were traded during trading, an increase of 167% from the previous session’s volume of 29,010 shares.The stock last traded at $100.4020 and had previously closed at $100.65.

First Trust Mid Cap Growth AlphaDEX Fund Trading Down 0.1%

The business’s 50 day simple moving average is $94.84 and its two-hundred day simple moving average is $94.03. The firm has a market capitalization of $517.83 million, a PE ratio of 24.50 and a beta of 1.20.

Institutional Investors Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

Hedge funds have recently modified their holdings of the business. Ascentis Independent Advisors bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter valued at $28,000. MidFirst Bank bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at $52,000. Founders Financial Alliance LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter valued at $192,000. Advisory Services Network LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter valued at $192,000. Finally, Brookwood Investment Group LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter valued at $226,000.

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.