First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Sees Large Decrease in Short Interest

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 12,265 shares, a decline of 74.7% from the May 31st total of 48,544 shares. Based on an average daily volume of 18,637 shares, the short-interest ratio is presently 0.7 days. Approximately 0.8% 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 made changes to their positions in the business. NewEdge Advisors LLC lifted its stake in First Trust Dow Jones International Internet ETF by 133.5% in the first quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock worth $18,436,000 after acquiring an additional 387,223 shares during the period. Raymond James Financial Inc. raised its holdings in First Trust Dow Jones International Internet ETF by 5.1% in the 3rd quarter. Raymond James Financial Inc. now owns 131,362 shares of the company’s stock worth $5,090,000 after purchasing an additional 6,415 shares in the last quarter. Warner Group LLC raised its holdings in First Trust Dow Jones International Internet ETF by 14.2% in 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. OLD Mission Capital LLC raised its holdings in First Trust Dow Jones International Internet ETF by 1,092.1% in the 4th quarter. OLD Mission Capital LLC now owns 85,115 shares of the company’s stock worth $2,887,000 after purchasing an additional 77,975 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of First Trust Dow Jones International Internet ETF by 777.9% in the 4th quarter. Jane Street Group LLC now owns 82,281 shares of the company’s stock worth $2,791,000 after purchasing an additional 72,909 shares during the period.

First Trust Dow Jones International Internet ETF Trading Up 1.1%

NASDAQ FDNI traded up $0.27 on Monday, hitting $25.25. The company’s stock had a trading volume of 43,843 shares, compared to its average volume of 20,732. First Trust Dow Jones International Internet ETF has a 52-week low of $23.99 and a 52-week high of $39.97. The company’s 50-day simple moving average is $27.42 and its 200 day simple moving average is $29.88. The firm has a market cap of $36.61 million, a P/E ratio of 21.90 and a beta of 0.89.

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.