Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Grows By 5.3%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 25,700 shares, an increase of 5.3% from the January 15th total of 24,400 shares. Based on an average trading volume of 7,500 shares, the days-to-cover ratio is presently 3.4 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC increased its stake in First Trust Dow Jones International Internet ETF by 6.4% in the 4th quarter. LPL Financial LLC now owns 94,790 shares of the company’s stock worth $2,587,000 after purchasing an additional 5,737 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in First Trust Dow Jones International Internet ETF in the 3rd quarter worth about $233,000. Financial Engines Advisors L.L.C. purchased a new position in First Trust Dow Jones International Internet ETF in the 4th quarter worth about $315,000. Jane Street Group LLC purchased a new position in First Trust Dow Jones International Internet ETF in the 3rd quarter worth about $634,000. Finally, OLD Mission Capital LLC increased its stake in First Trust Dow Jones International Internet ETF by 370.8% in the 4th quarter. OLD Mission Capital LLC now owns 61,431 shares of the company’s stock worth $1,676,000 after purchasing an additional 48,382 shares in the last quarter.

First Trust Dow Jones International Internet ETF Trading Up 2.8 %

Shares of First Trust Dow Jones International Internet ETF stock opened at $32.95 on Tuesday. The company’s 50-day moving average price is $28.49 and its two-hundred day moving average price is $27.42. First Trust Dow Jones International Internet ETF has a 52 week low of $21.81 and a 52 week high of $32.97. The stock has a market cap of $42.84 million, a PE ratio of 25.42 and a beta of 0.80.

First Trust Dow Jones International Internet ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.222 dividend. The ex-dividend date of this dividend was 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.