Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Decreases By 79.9%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 22,400 shares, a decrease of 79.9% from the March 15th total of 111,300 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 68,600 shares, the short-interest ratio is currently 0.3 days.

First Trust Dow Jones International Internet ETF Stock Performance

Shares of NASDAQ:FDNI opened at $29.03 on Tuesday. The firm has a market cap of $36.29 million, a PE ratio of 19.50 and a beta of 0.80. The firm’s fifty day moving average is $31.27 and its 200-day moving average is $29.45. First Trust Dow Jones International Internet ETF has a 52 week low of $21.81 and a 52 week high of $34.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in shares of First Trust Dow Jones International Internet ETF during the third quarter worth approximately $634,000. Raymond James Financial Inc. bought a new position in First Trust Dow Jones International Internet ETF in the 4th quarter worth $5,537,000. LPL Financial LLC lifted 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 during the period. Financial Engines Advisors L.L.C. bought a new stake in shares of First Trust Dow Jones International Internet ETF during the 4th quarter valued at about $315,000. Finally, OLD Mission Capital LLC raised its stake in First Trust Dow Jones International Internet ETF by 370.8% in the fourth quarter. OLD Mission Capital LLC now owns 61,431 shares of the company’s stock worth $1,676,000 after buying an additional 48,382 shares in the last quarter.

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.