First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Unusually-High Trading Volume – Here’s Why

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw an uptick in trading volume on Thursday . 211,084 shares changed hands during mid-day trading, an increase of 576% from the previous session’s volume of 31,215 shares.The stock last traded at $105.42 and had previously closed at $107.09.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.11 billion, a PE ratio of 13.58 and a beta of 1.20. The stock’s 50-day moving average price is $117.23 and its 200 day moving average price is $117.87.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter worth approximately $58,781,000. National Bank of Canada FI lifted its position in First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% during the third quarter. National Bank of Canada FI now owns 191,926 shares of the company’s stock valued at $22,484,000 after acquiring an additional 189,938 shares during the last quarter. AssuredPartners Investment Advisors LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at approximately $12,518,000. Three Cord True Wealth Management LLC purchased a new position in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth $12,391,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter valued at $7,113,000.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Core index. The fund tracks a tiered equal-weighted index of US mid-cap equities selected using both growth and value screens. FNX was launched on May 8, 2007 and is managed by First Trust.