First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Update

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 111,300 shares, a growth of 354.3% from the February 28th total of 24,500 shares. Currently, 8.6% of the company’s stock are sold short. Based on an average daily volume of 15,900 shares, the days-to-cover ratio is currently 7.0 days.

First Trust Dow Jones International Internet ETF Trading Down 3.2 %

FDNI opened at $31.25 on Friday. The company has a market cap of $40.62 million, a price-to-earnings ratio of 22.95 and a beta of 0.80. The stock has a fifty day simple moving average of $31.28 and a two-hundred day simple moving average of $29.15. First Trust Dow Jones International Internet ETF has a 12-month low of $21.81 and a 12-month high of $34.12.

Institutional Trading of First Trust Dow Jones International Internet ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in First Trust Dow Jones International Internet ETF during the fourth quarter worth about $5,537,000. GTS Securities LLC lifted its holdings in shares of First Trust Dow Jones International Internet ETF by 97.1% during the fourth quarter. GTS Securities LLC now owns 101,020 shares of the company’s stock valued at $2,757,000 after purchasing an additional 49,765 shares during the last quarter. LPL Financial LLC boosted its position in shares of First Trust Dow Jones International Internet ETF by 6.4% in the 4th quarter. LPL Financial LLC now owns 94,790 shares of the company’s stock worth $2,587,000 after purchasing an additional 5,737 shares in the last quarter. OLD Mission Capital LLC boosted its position in shares of 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 purchasing an additional 48,382 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of First Trust Dow Jones International Internet ETF in the 3rd quarter worth approximately $634,000.

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.