Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Expands By 5.3%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 25,700 shares, a growth of 5.3% from the January 15th total of 24,400 shares. Based on an average trading volume of 7,500 shares, the days-to-cover ratio is presently 3.4 days.

First Trust Dow Jones International Internet ETF Trading Up 1.4 %

FDNI stock opened at $33.42 on Wednesday. The business’s 50 day simple moving average is $28.55 and its 200 day simple moving average is $27.49. First Trust Dow Jones International Internet ETF has a 1-year low of $21.81 and a 1-year high of $34.00. The firm has a market capitalization of $43.45 million, a PE ratio of 25.42 and a beta of 0.80.

First Trust Dow Jones International Internet ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.222 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of First Trust Dow Jones International Internet ETF

A number of hedge funds have recently modified their holdings of FDNI. Jane Street Group LLC acquired a new stake in First Trust Dow Jones International Internet ETF during the third quarter worth approximately $634,000. Flow Traders U.S. LLC bought a new position in shares of First Trust Dow Jones International Internet ETF during the third quarter worth approximately $233,000. GTS Securities LLC lifted its holdings in First Trust Dow Jones International Internet ETF by 97.1% during the 4th quarter. GTS Securities LLC now owns 101,020 shares of the company’s stock worth $2,757,000 after purchasing an additional 49,765 shares during the last quarter. Raymond James Financial Inc. bought a new stake in First Trust Dow Jones International Internet ETF in the 4th quarter valued at $5,537,000. Finally, LPL Financial LLC grew its holdings in First Trust Dow Jones International Internet ETF by 6.4% in the 4th quarter. LPL Financial LLC now owns 94,790 shares of the company’s stock valued at $2,587,000 after buying an additional 5,737 shares in the last quarter.

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.