First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 48,544 shares, a growth of 126.8% from the May 14th total of 21,403 shares. Based on an average trading volume of 10,926 shares, the short-interest ratio is currently 4.4 days. Approximately 3.3% of the company’s shares are short sold.
Institutional Trading of First Trust Dow Jones International Internet ETF
A number of hedge funds and other institutional investors have recently modified their holdings of FDNI. NewEdge Advisors LLC raised its holdings in First Trust Dow Jones International Internet ETF by 133.5% in the 1st quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock valued at $18,436,000 after buying an additional 387,223 shares during the period. Raymond James Financial Inc. lifted its position in First Trust Dow Jones International Internet ETF by 5.1% in the third quarter. Raymond James Financial Inc. now owns 131,362 shares of the company’s stock valued at $5,090,000 after buying an additional 6,415 shares during the last quarter. Warner Group LLC boosted its stake in First Trust Dow Jones International Internet ETF by 14.2% during the first quarter. Warner Group LLC now owns 129,958 shares of the company’s stock worth $3,538,000 after buying an additional 16,111 shares during the period. OLD Mission Capital LLC boosted its stake in First Trust Dow Jones International Internet ETF by 1,092.1% during 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 during the period. Finally, Jane Street Group LLC increased its position in shares of First Trust Dow Jones International Internet ETF by 777.9% during the fourth quarter. Jane Street Group LLC now owns 82,281 shares of the company’s stock valued at $2,791,000 after acquiring an additional 72,909 shares during the last quarter.
First Trust Dow Jones International Internet ETF Stock Down 0.5%
FDNI stock opened at $26.71 on Friday. First Trust Dow Jones International Internet ETF has a 52-week low of $25.26 and a 52-week high of $39.97. The stock has a market cap of $38.73 million, a price-to-earnings ratio of 21.90 and a beta of 0.89. The business has a fifty day moving average of $27.77 and a two-hundred day moving average of $30.52.
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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