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

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 2,800 shares, a decrease of 87.5% from the March 31st total of 22,400 shares. Based on an average trading volume of 70,800 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s shares are short sold.

First Trust Dow Jones International Internet ETF Stock Performance

FDNI traded up $0.10 on Monday, hitting $30.13. 15,079 shares of the company were exchanged, compared to its average volume of 23,107. The firm has a fifty day simple moving average of $30.77 and a two-hundred day simple moving average of $29.38. The stock has a market capitalization of $120.50 million, a PE ratio of 21.03 and a beta of 0.89. First Trust Dow Jones International Internet ETF has a 12 month low of $21.82 and a 12 month high of $34.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FDNI. Financial Engines Advisors L.L.C. bought a new stake in First Trust Dow Jones International Internet ETF during the 4th quarter valued at $315,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of First Trust Dow Jones International Internet ETF in the first quarter valued at about $345,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of First Trust Dow Jones International Internet ETF in the fourth quarter valued at about $416,000. Jane Street Group LLC bought a new position in shares of First Trust Dow Jones International Internet ETF during the third quarter valued at about $634,000. Finally, OLD Mission Capital LLC boosted its holdings in shares of First Trust Dow Jones International Internet ETF by 370.8% during the fourth quarter. OLD Mission Capital LLC now owns 61,431 shares of the company’s stock worth $1,676,000 after purchasing an additional 48,382 shares during the period.

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.