First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Down 87.5% in April

by · The Cerbat Gem

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 2,800 shares, a decline of 87.5% from the March 31st total of 22,400 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 70,800 shares, the short-interest ratio is presently 0.0 days.

First Trust Dow Jones International Internet ETF Trading Up 0.3 %

Shares of NASDAQ:FDNI traded up $0.10 during trading on Monday, reaching $30.13. The company had a trading volume of 15,079 shares, compared to its average volume of 23,107. The company has a fifty day moving average of $30.77 and a two-hundred day moving average of $29.38. The stock has a market capitalization of $120.50 million, a P/E ratio of 21.03 and a beta of 0.89. First Trust Dow Jones International Internet ETF has a 12 month low of $21.82 and a 12 month high of $34.12.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FDNI. Financial Engines Advisors L.L.C. bought a new position in shares of First Trust Dow Jones International Internet ETF during the 4th quarter valued at about $315,000. Cambridge Investment Research Advisors Inc. purchased a new stake in First Trust Dow Jones International Internet ETF in the first quarter worth approximately $345,000. Wealth Enhancement Advisory Services LLC bought a new position in First Trust Dow Jones International Internet ETF during the fourth quarter valued at approximately $416,000. Jane Street Group LLC purchased a new position in shares of First Trust Dow Jones International Internet ETF during the third quarter worth approximately $634,000. Finally, OLD Mission Capital LLC boosted its stake in shares of 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 valued at $1,676,000 after purchasing an additional 48,382 shares in the last quarter.

First Trust Dow Jones International Internet ETF Company Profile

(Get Free Report)

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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