First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Short Interest Declines 91.9%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 280 shares, a decrease of 91.9% from the October 15th total of 3,437 shares. Based on an average trading volume of 2,386 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

First Trust Dow Jones International Internet ETF Stock Performance

Shares of NASDAQ:FDNI traded down $0.53 during trading on Tuesday, reaching $26.00. 1,024 shares of the stock traded hands, compared to its average volume of 16,168. The stock has a market cap of $29.90 million, a P/E ratio of 17.22 and a beta of 0.87. The stock has a 50-day moving average of $26.23 and a two-hundred day moving average of $27.78. First Trust Dow Jones International Internet ETF has a 52-week low of $23.99 and a 52-week high of $37.06.

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

A hedge fund recently raised its position in First Trust Dow Jones International Internet ETF stock. Citadel Advisors LLC increased its holdings in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) by 17.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,412 shares of the company’s stock after buying an additional 6,358 shares during the quarter. Citadel Advisors LLC owned 3.86% of First Trust Dow Jones International Internet ETF worth $1,079,000 at the end of the most recent reporting 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.