First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Shares Shorted: Short Interest Down 96.6% in October

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 3,437 shares, a drop 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 presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in First Trust Dow Jones International Internet ETF by 133.5% during the 1st quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock valued at $18,436,000 after purchasing an additional 387,223 shares in the last quarter. Warner Group LLC increased its stake in shares of First Trust Dow Jones International Internet ETF by 14.2% in the first quarter. Warner Group LLC now owns 129,958 shares of the company’s stock worth $3,538,000 after buying an additional 16,111 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in shares of First Trust Dow Jones International Internet ETF by 17.6% in the second quarter. Citadel Advisors LLC now owns 42,412 shares of the company’s stock worth $1,079,000 after buying an additional 6,358 shares during the last quarter.

First Trust Dow Jones International Internet ETF Price Performance

First Trust Dow Jones International Internet ETF stock traded down $0.15 during midday trading on Tuesday, hitting $25.42. 2,192 shares of the company were exchanged, compared to its average volume of 16,860. The company has a market cap of $29.23 million, a PE ratio of 21.90 and a beta of 0.89. 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 company’s fifty day moving average price is $26.83 and its 200-day moving average price is $28.28.

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.