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

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 48,544 shares, a growth of 126.8% from the May 14th total of 21,403 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily volume of 10,926 shares, the short-interest ratio is currently 4.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in shares of First Trust Dow Jones International Internet ETF by 133.5% during the 1st quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock valued at $18,436,000 after purchasing an additional 387,223 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of First Trust Dow Jones International Internet ETF by 5.1% in the 3rd quarter. Raymond James Financial Inc. now owns 131,362 shares of the company’s stock worth $5,090,000 after buying an additional 6,415 shares during the last quarter. Warner Group LLC lifted its holdings in shares of First Trust Dow Jones International Internet ETF by 14.2% during the 1st quarter. Warner Group LLC now owns 129,958 shares of the company’s stock worth $3,538,000 after acquiring an additional 16,111 shares during the last quarter. OLD Mission Capital LLC lifted its holdings in shares of First Trust Dow Jones International Internet ETF by 1,092.1% during the 4th quarter. OLD Mission Capital LLC now owns 85,115 shares of the company’s stock worth $2,887,000 after acquiring an additional 77,975 shares during the last quarter. Finally, Jane Street Group LLC grew its position in First Trust Dow Jones International Internet ETF by 777.9% in the fourth quarter. Jane Street Group LLC now owns 82,281 shares of the company’s stock worth $2,791,000 after acquiring an additional 72,909 shares in the last quarter.

First Trust Dow Jones International Internet ETF Price Performance

FDNI opened at $26.71 on Monday. The company has a fifty day moving average price of $27.77 and a 200-day moving average price of $30.49. The firm has a market capitalization of $38.73 million, a P/E ratio of 21.90 and a beta of 0.89. First Trust Dow Jones International Internet ETF has a one year low of $25.26 and a one year high of $39.97.

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.