First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Update

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 2,246 shares, a drop of 23.2% from the November 30th total of 2,926 shares. Based on an average daily volume of 12,417 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 12,417 shares, the short-interest ratio is presently 0.2 days.

First Trust Dow Jones International Internet ETF Trading Up 0.2%

Shares of NASDAQ FDNI traded up $0.06 during midday trading on Tuesday, reaching $34.34. 3,001 shares of the stock were exchanged, compared to its average volume of 45,635. The stock has a 50 day moving average price of $35.48 and a 200-day moving average price of $35.49. The company has a market capitalization of $87.55 million, a P/E ratio of 21.90 and a beta of 0.84. First Trust Dow Jones International Internet ETF has a 52-week low of $25.71 and a 52-week high of $39.97.

First Trust Dow Jones International Internet ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a dividend of $0.3784 per share. The ex-dividend date is Friday, December 12th. This represents a $1.51 annualized dividend and a dividend yield of 4.4%.

Hedge Funds Weigh In On First Trust Dow Jones International Internet ETF

Several institutional investors have recently added to or reduced their stakes in FDNI. Newbridge Financial Services Group Inc. acquired a new stake in First Trust Dow Jones International Internet ETF in the 2nd quarter worth about $102,000. Fountainhead AM LLC acquired a new stake in shares of First Trust Dow Jones International Internet ETF in the third quarter worth approximately $218,000. Signal Advisors Wealth LLC purchased a new stake in First Trust Dow Jones International Internet ETF in the third quarter valued at approximately $243,000. Assetmark Inc. acquired a new position in First Trust Dow Jones International Internet ETF during the second quarter worth approximately $526,000. Finally, Jane Street Group LLC acquired a new position in First Trust Dow Jones International Internet ETF during the second quarter worth approximately $815,000.

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.