First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Update

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 978 shares, a drop of 56.5% from the December 15th total of 2,246 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 109,715 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 109,715 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Dow Jones International Internet ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. acquired a new position in First Trust Dow Jones International Internet ETF in the 2nd quarter valued at $526,000. NewEdge Advisors LLC raised its stake in First Trust Dow Jones International Internet ETF by 3.6% in the second quarter. NewEdge Advisors LLC now owns 261,410 shares of the company’s stock valued at $8,797,000 after purchasing an additional 8,995 shares in the last quarter. Jane Street Group LLC bought a new stake in First Trust Dow Jones International Internet ETF during the second quarter worth about $815,000. Newbridge Financial Services Group Inc. acquired a new stake in First Trust Dow Jones International Internet ETF during the second quarter worth about $102,000. Finally, Osaic Holdings Inc. increased its holdings in First Trust Dow Jones International Internet ETF by 9.1% in the 2nd quarter. Osaic Holdings Inc. now owns 61,191 shares of the company’s stock valued at $2,059,000 after buying an additional 5,080 shares during the period.

First Trust Dow Jones International Internet ETF Price Performance

First Trust Dow Jones International Internet ETF stock traded down $0.31 during midday trading on Wednesday, hitting $35.22. The company’s stock had a trading volume of 1,187 shares, compared to its average volume of 10,915. The company has a market cap of $51.07 million, a price-to-earnings ratio of 21.90 and a beta of 0.84. First Trust Dow Jones International Internet ETF has a 1-year low of $25.82 and a 1-year high of $39.97. The company has a 50-day moving average price of $34.84 and a two-hundred day moving average price of $35.63.

First Trust Dow Jones International Internet ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.3784 dividend. This represents a $1.51 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, December 12th.

First Trust Dow Jones International Internet ETF Company Profile

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.