First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Short Interest Report for October

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 3,437 shares, a decrease of 96.6% from the September 30th total of 100,516 shares. Based on an average daily trading volume, of 6,508 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On First Trust Dow Jones International Internet ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in First Trust Dow Jones International Internet ETF by 133.5% in the 1st quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock worth $18,436,000 after purchasing an additional 387,223 shares during the last quarter. Warner Group LLC raised its stake in shares of First Trust Dow Jones International Internet ETF by 14.2% during the 1st quarter. Warner Group LLC now owns 129,958 shares of the company’s stock worth $3,538,000 after purchasing an additional 16,111 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of First Trust Dow Jones International Internet ETF by 17.6% during the 2nd quarter. Citadel Advisors LLC now owns 42,412 shares of the company’s stock worth $1,079,000 after purchasing an additional 6,358 shares in the last quarter.

First Trust Dow Jones International Internet ETF Trading Down 0.2%

Shares of FDNI traded down $0.05 during midday trading on Monday, hitting $25.57. The stock had a trading volume of 2,192 shares, compared to its average volume of 16,860. First Trust Dow Jones International Internet ETF has a fifty-two week low of $23.99 and a fifty-two week high of $39.27. The business has a 50-day simple moving average of $26.83 and a two-hundred day simple moving average of $28.28. The firm has a market cap of $29.41 million, a P/E ratio of 21.90 and a beta of 0.89.

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.