First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Shares Down 0.9% – Time to Sell?

Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) fell 0.9% on Monday. The company traded as low as $99.12 and last traded at $99.22. 3,358 shares were traded during trading, a decline of 86% from the average daily volume of 24,159 shares. The stock had previously closed at $100.08.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The business has a fifty day simple moving average of $102.24 and a 200-day simple moving average of $102.12. The firm has a market cap of $553.70 million, a price-to-earnings ratio of 24.50 and a beta of 1.20.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ascentis Independent Advisors bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the first quarter valued at $28,000. Central Pacific Bank Trust Division bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $44,000. Western Wealth Management LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the first quarter valued at approximately $38,000. MidFirst Bank bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter valued at $52,000. Finally, Integrated Wealth Concepts LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the second quarter valued at $89,000.

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.