ETF Alert: First Trust Mid Cap Core Alpha Fnd (ETF) Recorded $-152.48M Redemptions Following -19.27% AUM Decrease


ETF Alert: First Trust Mid Cap Core Alpha Fnd (ETF) Recorded $ 152.48M Redemptions Following  19.27% AUM Decrease

Today were reported First Trust Mid Cap Core Alpha Fnd (ETF) (NASDAQ:FNX)‘s daily net flows. The ETF registered $-152.48M asset outflows for -19.27% decrease, reaching $638.82M after yestarday’s trading session. The chart of First Trust Mid Cap Core Alpha Fnd (ETF) shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF increased 0.69% or $0.36 on October 10, hitting $52.62. First Trust Mid Cap Core Alpha Fnd (ETF) (NASDAQ:FNX) has risen 11.02% since March 8, 2016 and is uptrending. It has outperformed by 1.71% the S&P500.

The ETF’s YTD performance is 10.78%, the 1 year is 11.07% and the 3 year is 5.79%.

The ETF’s average P/E ratio is 18.81, the price to book is 1.95, the price to sales is 1 and the price to cashflow is 7.22. First Trust Mid Cap Core Alpha Fnd (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Hertz Global Holdings Inc Comm for 0.74% of assets, Penske Automotive Group Inc. C for 0.53%, Rackspace Hosting Inc Common S for 0.53%, Cirrus Logic Inc. for 0.47%, MGIC Investment Corporation Com for 0.47%, Trinity Industries Inc. Common for 0.46%, Radian Group Inc. Common Stock for 0.46%, Popular Inc. for 0.45%, Cooper Tire & Rubber Company Co for 0.44%, Urban Outfitters Inc. for 0.44%. The ETF sector weights are: Basic Materials 4.06%, Consumer Cyclical 17.28%, Financial Services 14.90%, Realestate 14.36%, Consumer Defensive 3.67%, Healthcare 7.04%, Utilities 3.37%, Communication Services 1.24%, Energy 3.72%, Industrials 18.13%, Technology 12.22%. The ETF currently as 0% yield.

More recent First Trust Mid Cap Core Alpha Fnd (ETF) (NASDAQ:FNX) news were published by: which released: “First Trust Announces Changes to Investment Objectives for Twelve AlphaDEX® ETFs” on December 08, 2015. Also published the news titled: “Which High Yield ETF Is The Best In The Market?” on May 15, 2016.‘s news article titled: “Time To Play These Industrial ETFs?” with publication date: August 31, 2016 was also an interesting one.

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