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

FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,352 shares, an increase of 307.2% from the September 15th total of 332 shares. Based on an average trading volume of 1,332 shares, the short-interest ratio is currently 1.0 days. Currently, 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On FT Vest Dow Jones Internet & Target Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FDND. Envestnet Asset Management Inc. increased its position in FT Vest Dow Jones Internet & Target Income ETF by 6.7% during the second quarter. Envestnet Asset Management Inc. now owns 14,780 shares of the company’s stock worth $309,000 after buying an additional 925 shares during the last quarter. Bullseye Investment Management LLC bought a new stake in FT Vest Dow Jones Internet & Target Income ETF in the second quarter valued at approximately $125,000. Integrated Wealth Concepts LLC bought a new stake in FT Vest Dow Jones Internet & Target Income ETF in the second quarter valued at approximately $183,000. Triumph Capital Management lifted its position in shares of FT Vest Dow Jones Internet & Target Income ETF by 33.5% in the second quarter. Triumph Capital Management now owns 3,129 shares of the company’s stock valued at $65,000 after buying an additional 786 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new stake in shares of FT Vest Dow Jones Internet & Target Income ETF in the first quarter valued at approximately $383,000.

FT Vest Dow Jones Internet & Target Income ETF Trading Up 2.2%

Shares of FT Vest Dow Jones Internet & Target Income ETF stock traded up $0.51 during trading on Friday, hitting $23.36. 1,218 shares of the stock were exchanged, compared to its average volume of 2,908. The company has a fifty day moving average price of $22.67 and a 200-day moving average price of $21.65. The stock has a market capitalization of $7.01 million, a price-to-earnings 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 $24.35.

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.