First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Sees Large Decrease in Short Interest

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 40,100 shares, a drop of 34.9% from the October 31st total of 61,600 shares. Based on an average daily volume of 6,600 shares, the short-interest ratio is currently 6.1 days.

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

A hedge fund recently bought a new stake in First Trust Dow Jones International Internet ETF stock. Jane Street Group LLC acquired a new stake in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 22,153 shares of the company’s stock, valued at approximately $634,000. Jane Street Group LLC owned 1.58% of First Trust Dow Jones International Internet ETF at the end of the most recent reporting period.

First Trust Dow Jones International Internet ETF Stock Performance

Shares of FDNI stock opened at $28.90 on Friday. The company has a market capitalization of $40.46 million, a price-to-earnings ratio of 25.42 and a beta of 0.80. First Trust Dow Jones International Internet ETF has a 52-week low of $20.12 and a 52-week high of $31.34. The company has a 50-day simple moving average of $28.66 and a two-hundred day simple moving average of $25.64.

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.