First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Short Interest Drops 91.9%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 280 shares, a drop of 91.9% from the October 15th total of 3,437 shares. Based on an average trading volume of 2,386 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

First Trust Dow Jones International Internet ETF Price Performance

FDNI stock traded down $0.23 during midday trading on Wednesday, hitting $25.91. The stock had a trading volume of 1,024 shares, compared to its average volume of 16,168. First Trust Dow Jones International Internet ETF has a 12-month low of $23.99 and a 12-month high of $37.06. The company’s 50-day moving average price is $26.19 and its 200 day moving average price is $27.74. The firm has a market cap of $29.80 million, a PE ratio of 17.22 and a beta of 0.88.

Institutional Investors Weigh In On First Trust Dow Jones International Internet ETF

An institutional investor recently raised its position in First Trust Dow Jones International Internet ETF stock. NewEdge Advisors LLC raised its stake in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Free Report) by 133.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 677,183 shares of the company’s stock after acquiring an additional 387,223 shares during the period. NewEdge Advisors LLC owned about 46.70% of First Trust Dow Jones International Internet ETF worth $18,436,000 as of its most recent SEC filing.

First Trust Dow Jones International Internet ETF Company Profile

(Get Free Report)

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.

Further Reading

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