First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Get Free Report) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 21,855 shares, a decline of 44.4% from the April 15th total of 39,337 shares. Based on an average daily volume of 17,381 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.5% of the shares of the stock are sold short.
First Trust Dow Jones International Internet ETF Stock Down 1.8%
NASDAQ:FDNI traded down $0.49 during trading hours on Friday, hitting $27.11. 2,180 shares of the stock traded hands, compared to its average volume of 15,361. First Trust Dow Jones International Internet ETF has a 1 year low of $25.95 and a 1 year high of $39.97. The company has a market cap of $39.31 million, a price-to-earnings ratio of 21.90 and a beta of 0.91. The stock has a 50 day moving average price of $28.02 and a 200 day moving average price of $31.81.
Hedge Funds Weigh In On First Trust Dow Jones International Internet ETF
Several hedge funds have recently modified their holdings of FDNI. Warner Group LLC purchased a new position in shares of First Trust Dow Jones International Internet ETF in the third quarter worth $3,912,000. OLD Mission Capital LLC lifted its holdings in shares of First Trust Dow Jones International Internet ETF by 1,092.1% in the fourth quarter. OLD Mission Capital LLC now owns 85,115 shares of the company’s stock worth $2,887,000 after buying an additional 77,975 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of First Trust Dow Jones International Internet ETF by 777.9% in the fourth quarter. Jane Street Group LLC now owns 82,281 shares of the company’s stock worth $2,791,000 after buying an additional 72,909 shares in the last quarter. Millennium Management LLC purchased a new position in shares of First Trust Dow Jones International Internet ETF in the fourth quarter worth $1,116,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of First Trust Dow Jones International Internet ETF by 10.3% in the fourth quarter. NewEdge Advisors LLC now owns 289,960 shares of the company’s stock worth $9,834,000 after buying an additional 27,002 shares in the last quarter.
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.
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