First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Sees Significant Growth in Short Interest

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 254,791 shares, an increase of 41.2% from the January 15th total of 180,510 shares. Based on an average daily trading volume, of 441,250 shares, the short-interest ratio is currently 0.6 days. Approximately 1.1% of the shares of the stock are short sold. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 441,250 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On First Trust Dow Jones Internet Index Fund

Several large investors have recently modified their holdings of the stock. Hantz Financial Services Inc. lifted its position in First Trust Dow Jones Internet Index Fund by 92.0% in the third quarter. Hantz Financial Services Inc. now owns 96 shares of the company’s stock worth $27,000 after buying an additional 46 shares during the last quarter. First Command Advisory Services Inc. purchased a new stake in shares of First Trust Dow Jones Internet Index Fund in the second quarter valued at $27,000. Curio Wealth LLC bought a new stake in shares of First Trust Dow Jones Internet Index Fund in the 4th quarter worth about $28,000. Providence Capital Advisors LLC purchased a new position in shares of First Trust Dow Jones Internet Index Fund during the 4th quarter worth about $32,000. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of First Trust Dow Jones Internet Index Fund during the 4th quarter worth about $34,000. Institutional investors own 70.10% of the company’s stock.

First Trust Dow Jones Internet Index Fund Trading Up 1.0%

FDN opened at $236.69 on Friday. The stock has a 50-day moving average of $263.48 and a 200 day moving average of $271.55. First Trust Dow Jones Internet Index Fund has a 12 month low of $191.37 and a 12 month high of $287.81. The firm has a market cap of $5.72 billion, a P/E ratio of 32.59 and a beta of 1.16.

First Trust Dow Jones Internet Index Fund Company Profile

First Trust Dow Jones Internet Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Internet Composite Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index represents companies that generate the majority of their revenues via the Internet. The Index aims to represent 80% of the float-adjusted Internet equity universe. The Index contains two sub-indexes, the Dow Jones Internet Commerce Index and the Dow Jones Internet Services Index.