First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 29,200 shares, an increase of 7.4% from the September 15th total of 27,200 shares. Based on an average daily trading volume, of 7,600 shares, the short-interest ratio is presently 3.8 days.
First Trust Dow Jones International Internet ETF Stock Down 1.9 %
Shares of FDNI traded down $0.53 during trading hours on Thursday, reaching $27.88. The company’s stock had a trading volume of 4,286 shares, compared to its average volume of 5,189. The firm has a market cap of $39.03 million, a price-to-earnings ratio of 25.42 and a beta of 0.80. The company has a 50 day moving average of $26.03 and a two-hundred day moving average of $24.52. First Trust Dow Jones International Internet ETF has a 1-year low of $19.11 and a 1-year high of $31.34.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in First Trust Dow Jones International Internet ETF stock. Integrated Advisors Network LLC raised its position in shares of First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,079 shares of the company’s stock after purchasing an additional 632 shares during the period. Integrated Advisors Network LLC owned 2.17% of First Trust Dow Jones International Internet ETF worth $587,000 as of its most recent SEC filing.
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.
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