FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) Short Interest Update

FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 3,752 shares, a decline of 43.4% from the May 31st total of 6,626 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 6,828 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Independent Financial Group LLC purchased a new position in FT Vest Dow Jones Internet & Target Income ETF in the 1st quarter valued at about $383,000. Osaic Holdings Inc. increased its stake in FT Vest Dow Jones Internet & Target Income ETF by 12.4% during the 4th quarter. Osaic Holdings Inc. now owns 45,074 shares of the company’s stock worth $1,015,000 after buying an additional 4,967 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of FT Vest Dow Jones Internet & Target Income ETF during the fourth quarter valued at approximately $515,000. Finally, Triumph Capital Management acquired a new position in shares of FT Vest Dow Jones Internet & Target Income ETF during the third quarter valued at approximately $56,000.

FT Vest Dow Jones Internet & Target Income ETF Stock Performance

BATS:FDND opened at $21.31 on Thursday. The stock has a market capitalization of $6.39 million, a PE ratio of 33.97 and a beta of 1.44. FT Vest Dow Jones Internet & Target Income ETF has a fifty-two week low of $18.76 and a fifty-two week high of $24.79. The company has a fifty day moving average of $21.44 and a two-hundred day moving average of $21.17.

About FT Vest Dow Jones Internet & Target Income ETF

The FT Vest Dow Jones Internet & Target Income ETF (FDND) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks a target level of current income and capital appreciation by holding a portfolio of US internet stocks, while utilizing a naked call writing strategy on the Nasdaq-100 Index or related ETF. FDND was launched on Mar 20, 2024 and is issued by First Trust.