FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,924 shares, a growth of 1,264.5% from the June 30th total of 141 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 1,580 shares, the short-interest ratio is currently 1.2 days.
FT Vest Dow Jones Internet & Target Income ETF Stock Performance
Shares of FDND traded up $0.10 during mid-day trading on Friday, hitting $20.44. 2,938 shares of the company were exchanged, compared to its average volume of 3,539. The stock has a market cap of $6.13 million, a price-to-earnings ratio of 33.97 and a beta of 1.44. FT Vest Dow Jones Internet & Target Income ETF has a 1-year low of $18.76 and a 1-year high of $24.79. The company has a 50 day moving average of $21.47 and a 200-day moving average of $21.04.
Institutional Investors Weigh In On FT Vest Dow Jones Internet & Target Income ETF
Several large investors have recently bought and sold shares of FDND. Triumph Capital Management acquired a new position in shares of FT Vest Dow Jones Internet & Target Income ETF during the third quarter valued at approximately $56,000. Independent Financial Group LLC acquired a new stake in shares of FT Vest Dow Jones Internet & Target Income ETF in the first quarter worth approximately $383,000. Jane Street Group LLC purchased a new stake in shares of FT Vest Dow Jones Internet & Target Income ETF during the fourth quarter worth approximately $515,000. Finally, Osaic Holdings Inc. increased its position in shares of FT Vest Dow Jones Internet & Target Income ETF by 12.4% during the fourth quarter. Osaic Holdings Inc. now owns 45,074 shares of the company’s stock worth $1,015,000 after purchasing an additional 4,967 shares in the last quarter.
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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