Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Rises By 62.4%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 2,269 shares, an increase of 62.4% from the January 29th total of 1,397 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 11,571 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 11,571 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

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

A number of hedge funds have recently modified their holdings of FDNI. Assetmark Inc. bought a new position in First Trust Dow Jones International Internet ETF in the 2nd quarter worth $526,000. NewEdge Advisors LLC grew its stake in shares of First Trust Dow Jones International Internet ETF by 3.6% in the 2nd quarter. NewEdge Advisors LLC now owns 261,410 shares of the company’s stock worth $8,797,000 after buying an additional 8,995 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of First Trust Dow Jones International Internet ETF in the 2nd quarter worth approximately $815,000. Newbridge Financial Services Group Inc. bought a new position in shares of First Trust Dow Jones International Internet ETF during the second quarter valued at approximately $102,000. Finally, 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 valued at $2,059,000 after buying an additional 5,080 shares in the last quarter.

First Trust Dow Jones International Internet ETF Price Performance

NASDAQ FDNI traded down $0.32 during mid-day trading on Friday, reaching $29.45. 1,392 shares of the stock were exchanged, compared to its average volume of 14,905. The stock has a market cap of $48.58 million, a P/E ratio of 21.90 and a beta of 0.84. The stock has a 50 day simple moving average of $32.89 and a 200-day simple moving average of $35.18. First Trust Dow Jones International Internet ETF has a one year low of $25.82 and a one year high of $39.97.

First Trust Dow Jones International Internet ETF Dividend Announcement

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

First Trust Dow Jones International Internet ETF Company Profile

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.