Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Drops By 13.0%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 34,900 shares, a drop of 13.0% from the November 15th total of 40,100 shares. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is currently 5.3 days.

Institutional Investors Weigh In On First Trust Dow Jones International Internet ETF

A hedge fund recently bought a new stake in First Trust Dow Jones International Internet ETF stock. Flow Traders U.S. LLC acquired a new stake in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,130 shares of the company’s stock, valued at approximately $233,000. Flow Traders U.S. LLC owned approximately 0.58% of First Trust Dow Jones International Internet ETF at the end of the most recent quarter.

First Trust Dow Jones International Internet ETF Stock Up 0.7 %

NASDAQ:FDNI traded up $0.20 on Tuesday, reaching $28.81. The company’s stock had a trading volume of 829 shares, compared to its average volume of 5,623. First Trust Dow Jones International Internet ETF has a 12-month low of $20.58 and a 12-month high of $31.34. The firm has a market cap of $40.33 million, a price-to-earnings ratio of 25.42 and a beta of 0.80. The stock has a 50 day moving average price of $28.74 and a 200 day moving average price of $26.02.

First Trust Dow Jones International Internet ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.222 dividend. The ex-dividend date is Friday, December 13th.

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.