First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 424,962 shares, a growth of 172.9% from the July 15th total of 155,695 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily volume of 423,851 shares, the days-to-cover ratio is currently 1.0 days.
First Trust Dow Jones Internet Index Fund Price Performance
NYSEARCA:FDN traded down $3.87 during midday trading on Friday, reaching $291.38. 259,009 shares of the company traded hands, compared to its average volume of 514,926. First Trust Dow Jones Internet Index Fund has a twelve month low of $224.46 and a twelve month high of $295.57. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 32.59 and a beta of 1.22. The company has a fifty day moving average price of $271.65 and a 200 day moving average price of $259.93.
Institutional Investors Weigh In On First Trust Dow Jones Internet Index Fund
Hedge funds have recently added to or reduced their stakes in the stock. SHP Wealth Management acquired a new position in shares of First Trust Dow Jones Internet Index Fund during the fourth quarter valued at $27,000. Curio Wealth LLC acquired a new stake in shares of First Trust Dow Jones Internet Index Fund in the 4th quarter worth about $28,000. Hyposwiss Advisors SA bought a new stake in First Trust Dow Jones Internet Index Fund in the 4th quarter valued at about $32,000. Park National Corp OH bought a new stake in First Trust Dow Jones Internet Index Fund in the 1st quarter valued at about $28,000. Finally, Providence Capital Advisors LLC bought a new stake in First Trust Dow Jones Internet Index Fund in the 4th quarter valued at about $32,000. 70.10% of the stock is currently owned by institutional investors.
First Trust Dow Jones Internet Index Fund Company Profile
First Trust Dow Jones Internet Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Internet Composite Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index represents companies that generate the majority of their revenues via the Internet. The Index aims to represent 80% of the float-adjusted Internet equity universe. The Index contains two sub-indexes, the Dow Jones Internet Commerce Index and the Dow Jones Internet Services Index.
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