Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Drops By 13.2%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 22,300 shares, a drop of 13.2% from the January 31st total of 25,700 shares. Based on an average trading volume of 11,500 shares, the days-to-cover ratio is presently 1.9 days.

First Trust Dow Jones International Internet ETF Trading Down 0.6 %

Shares of NASDAQ:FDNI traded down $0.20 on Thursday, reaching $33.03. 130,743 shares of the company were exchanged, compared to its average volume of 18,682. First Trust Dow Jones International Internet ETF has a 1-year low of $21.81 and a 1-year high of $34.12. The company has a 50-day moving average of $29.48 and a 200-day moving average of $28.22. The firm has a market cap of $42.94 million, a price-to-earnings ratio of 24.04 and a beta of 0.80.

First Trust Dow Jones International Internet ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.222 per share. The ex-dividend date of this dividend was Friday, December 13th.

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

Hedge funds have recently modified their holdings of the company. LPL Financial LLC raised its holdings in First Trust Dow Jones International Internet ETF by 6.4% in the fourth 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 period. Flow Traders U.S. LLC acquired a new stake in shares of First Trust Dow Jones International Internet ETF during the third quarter worth $233,000. Financial Engines Advisors L.L.C. bought a new stake in First Trust Dow Jones International Internet ETF in the 4th quarter valued at about $315,000. Jane Street Group LLC bought a new position in First Trust Dow Jones International Internet ETF during the 3rd quarter valued at $634,000. Finally, OLD Mission Capital LLC lifted its stake in First Trust Dow Jones International Internet ETF by 370.8% in the 4th quarter. OLD Mission Capital LLC now owns 61,431 shares of the company’s stock worth $1,676,000 after acquiring an additional 48,382 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.