First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,437 shares, a decrease of 96.6% from the September 30th total of 100,516 shares. Based on an average daily trading volume, of 6,508 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are short sold.
First Trust Dow Jones International Internet ETF Price Performance
FDNI traded down $0.05 during midday trading on Monday, hitting $25.57. 2,192 shares of the company’s stock traded hands, compared to its average volume of 16,860. The company has a market cap of $29.41 million, a PE ratio of 21.90 and a beta of 0.89. The stock’s fifty day simple moving average is $26.83 and its 200-day simple moving average is $28.28. First Trust Dow Jones International Internet ETF has a one year low of $23.99 and a one year high of $39.27.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC lifted its stake in shares of First Trust Dow Jones International Internet ETF by 17.6% in the 2nd quarter. Citadel Advisors LLC now owns 42,412 shares of the company’s stock valued at $1,079,000 after purchasing an additional 6,358 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in First Trust Dow Jones International Internet ETF by 133.5% in the first quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock worth $18,436,000 after purchasing an additional 387,223 shares in the last quarter. Finally, Warner Group LLC boosted its holdings in First Trust Dow Jones International Internet ETF by 14.2% in the first quarter. Warner Group LLC now owns 129,958 shares of the company’s stock worth $3,538,000 after purchasing an additional 16,111 shares in the last quarter.
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.
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