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

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 366 shares, a drop of 83.9% from the February 12th total of 2,269 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 7,183 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 7,183 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Warner Group LLC purchased a new position in First Trust Dow Jones International Internet ETF during the third quarter valued at approximately $3,912,000. Newbridge Financial Services Group Inc. bought a new position in shares of First Trust Dow Jones International Internet ETF during the 2nd quarter worth approximately $102,000. Signal Advisors Wealth LLC bought a new position in shares of First Trust Dow Jones International Internet ETF in the third quarter valued at approximately $243,000. Osaic Holdings Inc. lifted its holdings in First Trust Dow Jones International Internet ETF by 9.1% during the 2nd quarter. Osaic Holdings Inc. now owns 61,191 shares of the company’s stock worth $2,059,000 after buying an additional 5,080 shares in the last quarter. Finally, Fountainhead AM LLC acquired a new stake in shares of First Trust Dow Jones International Internet ETF during the 3rd quarter worth approximately $218,000.

First Trust Dow Jones International Internet ETF Trading Up 1.6%

NASDAQ:FDNI opened at $29.58 on Wednesday. The firm has a market capitalization of $48.81 million, a price-to-earnings ratio of 21.90 and a beta of 0.84. The firm’s fifty day simple moving average is $32.11 and its 200 day simple moving average is $34.86. First Trust Dow Jones International Internet ETF has a twelve month low of $25.82 and a twelve month high of $39.97.

First Trust Dow Jones International Internet ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.3784 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.51 annualized dividend and a yield of 5.1%.

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.