First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Sees Significant Decline in Short Interest

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,397 shares, a drop of 52.4% from the January 15th total of 2,934 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 28,736 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 28,736 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are short sold.

First Trust Dow Jones International Internet ETF Stock Down 0.2%

Shares of First Trust Dow Jones International Internet ETF stock traded down $0.06 during trading on Friday, reaching $29.68. The company’s stock had a trading volume of 8,772 shares, compared to its average volume of 16,919. First Trust Dow Jones International Internet ETF has a 52 week low of $25.82 and a 52 week high of $39.97. The firm has a market cap of $48.97 million, a PE ratio of 21.90 and a beta of 0.84. The business’s 50-day moving average price is $33.74 and its 200-day moving average price is $35.47.

First Trust Dow Jones International Internet ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.3784 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, December 12th.

Institutional Investors Weigh In On First Trust Dow Jones International Internet ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FDNI. Wells Fargo & Company MN bought a new stake in shares of First Trust Dow Jones International Internet ETF in the fourth quarter valued at approximately $57,000. ICONIQ Capital LLC acquired a new position in First Trust Dow Jones International Internet ETF in the 4th quarter valued at $79,000. Newbridge Financial Services Group Inc. bought a new stake in shares of First Trust Dow Jones International Internet ETF during the 2nd quarter valued at $102,000. Fountainhead AM LLC acquired a new stake in shares of First Trust Dow Jones International Internet ETF during the 3rd quarter worth $218,000. Finally, Signal Advisors Wealth LLC bought a new position in shares of First Trust Dow Jones International Internet ETF in the third quarter worth $243,000.

About First Trust Dow Jones International Internet ETF

The First Trust Dow Jones International Internet ETF (FDNI) is an exchange-traded fund that is based on the Dow Jones International Internet index, a market-cap-weighted index that holds a concentrated portfolio of the largest internet services and commerce companies outside of the US. FDNI was launched on Nov 5, 2018 and is managed by First Trust.