First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Short Interest Update

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 507,594 shares, a growth of 89.4% from the February 26th total of 267,967 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average trading volume of 696,526 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On First Trust Dow Jones Internet Index Fund

Several large investors have recently modified their holdings of FDN. Hantz Financial Services Inc. lifted its holdings in shares of First Trust Dow Jones Internet Index Fund by 92.0% during the third quarter. Hantz Financial Services Inc. now owns 96 shares of the company’s stock worth $27,000 after purchasing an additional 46 shares during the period. SHP Wealth Management acquired a new position in First Trust Dow Jones Internet Index Fund in the 4th quarter valued at $27,000. Curio Wealth LLC acquired a new position in First Trust Dow Jones Internet Index Fund in the 4th quarter valued at $28,000. Hyposwiss Advisors SA purchased a new position in First Trust Dow Jones Internet Index Fund during the 4th quarter worth $32,000. Finally, Providence Capital Advisors LLC purchased a new position in First Trust Dow Jones Internet Index Fund during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.

First Trust Dow Jones Internet Index Fund Stock Down 2.0%

FDN traded down $4.89 on Thursday, hitting $233.81. 373,237 shares of the company traded hands, compared to its average volume of 626,273. First Trust Dow Jones Internet Index Fund has a 12-month low of $191.37 and a 12-month high of $287.81. The company has a 50 day moving average of $246.72 and a 200-day moving average of $265.17. The stock has a market capitalization of $5.65 billion, a PE ratio of 32.59 and a beta of 1.16.

About First Trust Dow Jones Internet Index Fund

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.