FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) Sees Large Decrease in Short Interest

FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 141 shares, a decrease of 96.2% from the June 15th total of 3,752 shares. Based on an average trading volume of 3,431 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

FT Vest Dow Jones Internet & Target Income ETF Price Performance

FT Vest Dow Jones Internet & Target Income ETF stock traded up $0.06 during mid-day trading on Friday, hitting $21.88. 1,920 shares of the company’s stock traded hands, compared to its average volume of 3,722. The firm has a 50 day simple moving average of $21.46 and a two-hundred day simple moving average of $21.12. FT Vest Dow Jones Internet & Target Income ETF has a fifty-two week low of $18.76 and a fifty-two week high of $24.79. The stock has a market cap of $6.56 million, a price-to-earnings ratio of 33.97 and a beta of 1.44.

Institutional Trading of FT Vest Dow Jones Internet & Target Income ETF

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC grew its stake in FT Vest Dow Jones Internet & Target Income ETF by 169.4% in the 1st quarter. Jane Street Group LLC now owns 27,440 shares of the company’s stock valued at $552,000 after buying an additional 17,253 shares during the last quarter. Triumph Capital Management acquired a new stake in FT Vest Dow Jones Internet & Target Income ETF during the third quarter worth approximately $56,000. Osaic Holdings Inc. lifted its position in FT Vest Dow Jones Internet & Target Income ETF by 12.4% during the fourth quarter. Osaic Holdings Inc. now owns 45,074 shares of the company’s stock worth $1,015,000 after acquiring an additional 4,967 shares during the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of FT Vest Dow Jones Internet & Target Income ETF during the first quarter worth approximately $383,000.

About FT Vest Dow Jones Internet & Target Income ETF

The FT Vest Dow Jones Internet & Target Income ETF (FDND) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks a target level of current income and capital appreciation by holding a portfolio of US internet stocks, while utilizing a naked call writing strategy on the Nasdaq-100 Index or related ETF. FDND was launched on Mar 20, 2024 and is issued by First Trust.