First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Sees Large Decline in Short Interest

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 3,000 shares, a drop of 70.0% from the February 29th total of 10,000 shares. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of First Trust Dow Jones International Internet ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates increased its position in shares of First Trust Dow Jones International Internet ETF by 48.8% during the fourth quarter. Raymond James & Associates now owns 231,543 shares of the company’s stock valued at $5,214,000 after acquiring an additional 75,931 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of First Trust Dow Jones International Internet ETF in the 3rd quarter valued at $1,218,000. Citadel Advisors LLC boosted its holdings in First Trust Dow Jones International Internet ETF by 452.6% during the 3rd quarter. Citadel Advisors LLC now owns 49,095 shares of the company’s stock valued at $963,000 after acquiring an additional 40,210 shares during the period. International Assets Investment Management LLC acquired a new position in First Trust Dow Jones International Internet ETF in the 1st quarter valued at about $726,000. Finally, GTS Securities LLC purchased a new stake in First Trust Dow Jones International Internet ETF during the second quarter worth about $596,000.

First Trust Dow Jones International Internet ETF Stock Performance

Shares of First Trust Dow Jones International Internet ETF stock traded up $0.10 during trading hours on Thursday, hitting $22.90. The company’s stock had a trading volume of 1,506 shares, compared to its average volume of 3,359. The stock has a market cap of $27.48 million, a price-to-earnings ratio of 23.95 and a beta of 0.80. First Trust Dow Jones International Internet ETF has a twelve month low of $19.11 and a twelve month high of $25.45. The firm has a fifty day moving average of $22.26 and a 200-day moving average of $21.70.

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.