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

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 111,300 shares, an increase of 354.3% from the February 28th total of 24,500 shares. Currently, 8.6% of the shares of the company are short sold. Based on an average daily trading volume, of 15,900 shares, the days-to-cover ratio is currently 7.0 days.

First Trust Dow Jones International Internet ETF Stock Performance

FDNI stock opened at $31.84 on Thursday. First Trust Dow Jones International Internet ETF has a one year low of $21.81 and a one year high of $34.12. The company has a fifty day moving average of $31.09 and a 200-day moving average of $29.07. The stock has a market capitalization of $41.39 million, a PE ratio of 22.95 and a beta of 0.80.

Institutional Investors Weigh In On First Trust Dow Jones International Internet ETF

Institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new stake in shares of First Trust Dow Jones International Internet ETF in the 3rd quarter valued at approximately $233,000. Jane Street Group LLC acquired a new position in shares of First Trust Dow Jones International Internet ETF during the 3rd quarter worth $634,000. Raymond James Financial Inc. purchased a new stake in shares of First Trust Dow Jones International Internet ETF in the fourth quarter valued at about $5,537,000. LPL Financial LLC grew its holdings in First Trust Dow Jones International Internet ETF by 6.4% during 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 during the last quarter. Finally, Financial Engines Advisors L.L.C. purchased a new stake in First Trust Dow Jones International Internet ETF during the 4th quarter worth about $315,000.

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.