First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 5,500 shares, a growth of 243.8% from the May 31st total of 1,600 shares. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is presently 1.1 days.
Institutional Investors Weigh In On First Trust Dow Jones International Internet ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James & Associates raised its position in shares of First Trust Dow Jones International Internet ETF by 48.8% during the fourth quarter. Raymond James & Associates now owns 231,543 shares of the company’s stock worth $5,214,000 after purchasing an additional 75,931 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in First Trust Dow Jones International Internet ETF during the 4th quarter valued at $364,000. Finally, Integrated Advisors Network LLC raised its holdings in First Trust Dow Jones International Internet ETF by 2.5% during the fourth quarter. Integrated Advisors Network LLC now owns 26,079 shares of the company’s stock worth $587,000 after buying an additional 632 shares during the last quarter.
First Trust Dow Jones International Internet ETF Stock Performance
Shares of FDNI stock traded down $0.08 during trading hours on Friday, hitting $23.32. 600 shares of the company were exchanged, compared to its average volume of 4,232. The company has a 50 day simple moving average of $24.22 and a two-hundred day simple moving average of $22.95. The firm has a market cap of $26.82 million, a P/E ratio of 25.42 and a beta of 0.80. First Trust Dow Jones International Internet ETF has a fifty-two week low of $19.11 and a fifty-two week high of $25.66.
First Trust Dow Jones International Internet ETF Announces Dividend
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.
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