FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,924 shares, a growth of 1,264.5% from the June 30th total of 141 shares. Based on an average daily trading volume, of 1,580 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.6% of the shares of the company are short sold.
Hedge Funds Weigh In On FT Vest Dow Jones Internet & Target Income ETF
Several institutional investors and hedge funds have recently modified their holdings of FDND. Triumph Capital Management acquired a new stake in FT Vest Dow Jones Internet & Target Income ETF in the third quarter valued at approximately $56,000. Independent Financial Group LLC purchased a new position in shares of FT Vest Dow Jones Internet & Target Income ETF during the 1st quarter valued at approximately $383,000. Jane Street Group LLC purchased a new position in shares of FT Vest Dow Jones Internet & Target Income ETF during the 4th quarter valued at approximately $515,000. Finally, Osaic Holdings Inc. grew its stake in FT Vest Dow Jones Internet & Target Income ETF by 12.4% in the 4th quarter. Osaic Holdings Inc. now owns 45,074 shares of the company’s stock valued at $1,015,000 after acquiring an additional 4,967 shares during the period.
FT Vest Dow Jones Internet & Target Income ETF Price Performance
FDND stock traded up $0.10 during trading on Friday, hitting $20.44. 2,938 shares of the company traded hands, compared to its average volume of 3,539. The company has a market cap of $6.13 million, a PE ratio of 33.97 and a beta of 1.44. FT Vest Dow Jones Internet & Target Income ETF has a 1 year low of $18.76 and a 1 year high of $24.79. The stock’s 50-day simple moving average is $21.47 and its 200 day simple moving average is $21.04.
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.
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