First Trust Mid Cap Core AlphaDEX Fund Price & Performance (FNX)

Growth stock ETFs have experienced significant setbacks recently as market conditions turned unfavorable. This sharp decline highlights investor concerns over macroeconomic uncertainties and potential interest rate adjustments. The downturn underscores the volatility in growth-focused funds as investors reassess their risk appetite amid shifting market dynamics.1

First Trust Small Cap Core AlphaDEX Fund (FYX) reported a dramatic 91.7% reduction in short interest during February. This change, coupled with a modest decrease in its trading price, reflects shifting investor sentiment. FYX’s performance remains under scrutiny as institutional investors adjust their positions in the small-cap ETF.2

First Trust Mid Cap Growth AlphaDEX Fund (FNY) saw its stock slide 3.4% during Monday’s trading, even as trading volume spiked by 197%. The ETF, focused on mid-cap growth stocks, continues to face challenges, with its price hovering below key moving averages. Investors remain cautious about its near-term prospects.3