First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading Down 3.4% – Here’s Why

Posted by Stacy Sanders on Mar 10th, 2025

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY – Get Free Report) dropped 3.4% during trading on Monday . The stock traded as low as $72.53 and last traded at $73.18. Approximately 52,122 shares were traded during mid-day trading, an increase of 197% from the average daily volume of 17,530 shares. The stock had previously closed at $75.72.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The company’s fifty day moving average price is $82.30 and its 200 day moving average price is $81.64. The firm has a market capitalization of $365.90 million, a price-to-earnings ratio of 22.08 and a beta of 1.13.

First Trust Mid Cap Growth AlphaDEX Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.1415 per share. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP boosted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 23.8% during the 4th quarter. Allworth Financial LP now owns 625 shares of the company’s stock valued at $53,000 after purchasing an additional 120 shares during the period. Synergy Asset Management LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at about $60,000. Mpwm Advisory Solutions LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at about $64,000. Oppenheimer & Co. Inc. acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at about $208,000. Finally, Arete Wealth Advisors LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter valued at about $210,000.

About First Trust Mid Cap Growth AlphaDEX Fund

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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.