FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND – Get Free Report) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 376 shares, a decline of 63.5% from the July 30th total of 1,030 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,236 shares, the short-interest ratio is currently 0.3 days.
FT Vest Dow Jones Internet & Target Income ETF Stock Performance
Shares of FDND stock opened at $22.94 on Friday. The company has a market capitalization of $6.88 million, a PE ratio of 33.97 and a beta of 1.44. FT Vest Dow Jones Internet & Target Income ETF has a 52-week low of $18.76 and a 52-week high of $24.79. The business’s fifty day moving average is $21.72 and its 200 day moving average is $21.09.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of FDND. Triumph Capital Management lifted its position in FT Vest Dow Jones Internet & Target Income ETF by 33.5% during the second quarter. Triumph Capital Management now owns 3,129 shares of the company’s stock valued at $65,000 after purchasing an additional 786 shares during the last quarter. Independent Financial Group LLC purchased a new position in FT Vest Dow Jones Internet & Target Income ETF in the first quarter worth $383,000. Osaic Holdings Inc. grew its position in FT Vest Dow Jones Internet & Target Income ETF by 12.4% in the fourth quarter. Osaic Holdings Inc. now owns 45,074 shares of the company’s stock worth $1,015,000 after acquiring an additional 4,967 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in FT Vest Dow Jones Internet & Target Income ETF during the fourth quarter valued at about $515,000.
About FT Vest Dow Jones Internet & Target Income ETF
The FT Vest Dow Jones Internet & Target Income ETF (FDND) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks a target level of current income and capital appreciation by holding a portfolio of US internet stocks, while utilizing a naked call writing strategy on the Nasdaq-100 Index or related ETF. FDND was launched on Mar 20, 2024 and is issued by First Trust.
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