First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Update

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 21,855 shares, a drop of 44.4% from the April 15th total of 39,337 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 17,381 shares, the days-to-cover ratio is presently 1.3 days.

First Trust Dow Jones International Internet ETF Price Performance

Shares of FDNI traded down $0.49 on Friday, reaching $27.11. The company’s stock had a trading volume of 2,180 shares, compared to its average volume of 15,361. First Trust Dow Jones International Internet ETF has a 12-month low of $25.95 and a 12-month high of $39.97. The stock has a market capitalization of $39.31 million, a P/E ratio of 21.90 and a beta of 0.91. The stock’s 50 day simple moving average is $28.02 and its two-hundred day simple moving average is $31.81.

Hedge Funds Weigh In On First Trust Dow Jones International Internet ETF

Several large investors have recently added to or reduced their stakes in FDNI. Warner Group LLC purchased a new position in First Trust Dow Jones International Internet ETF during the third quarter valued at approximately $3,912,000. OLD Mission Capital LLC lifted its holdings in First Trust Dow Jones International Internet ETF by 1,092.1% during the fourth quarter. OLD Mission Capital LLC now owns 85,115 shares of the company’s stock valued at $2,887,000 after purchasing an additional 77,975 shares in the last quarter. Jane Street Group LLC lifted its holdings in First Trust Dow Jones International Internet ETF by 777.9% during the fourth quarter. Jane Street Group LLC now owns 82,281 shares of the company’s stock valued at $2,791,000 after purchasing an additional 72,909 shares in the last quarter. Millennium Management LLC purchased a new position in First Trust Dow Jones International Internet ETF during the fourth quarter valued at approximately $1,116,000. Finally, NewEdge Advisors LLC lifted its holdings in First Trust Dow Jones International Internet ETF by 10.3% during the fourth quarter. NewEdge Advisors LLC now owns 289,960 shares of the company’s stock valued at $9,834,000 after purchasing an additional 27,002 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.