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

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 29,400 shares, an increase of 434.5% from the June 15th total of 5,500 shares. Based on an average trading volume of 4,900 shares, the short-interest ratio is presently 6.0 days.

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

Institutional investors have recently modified their holdings of the company. Raymond James & Associates boosted its position in First Trust Dow Jones International Internet ETF by 48.8% during the 4th quarter. Raymond James & Associates now owns 231,543 shares of the company’s stock worth $5,214,000 after acquiring an additional 75,931 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in shares of First Trust Dow Jones International Internet ETF during the fourth quarter valued at about $364,000. Finally, Integrated Advisors Network LLC lifted its holdings in First Trust Dow Jones International Internet ETF by 2.5% in the fourth quarter. Integrated Advisors Network LLC now owns 26,079 shares of the company’s stock worth $587,000 after purchasing an additional 632 shares during the period.

First Trust Dow Jones International Internet ETF Price Performance

NASDAQ:FDNI traded up $0.66 during midday trading on Friday, reaching $24.89. 297 shares of the company traded hands, compared to its average volume of 4,054. The firm has a market capitalization of $28.62 million, a price-to-earnings ratio of 25.42 and a beta of 0.80. The company has a fifty day moving average price of $24.29 and a 200 day moving average price of $23.03. First Trust Dow Jones International Internet ETF has a twelve month low of $19.11 and a twelve month high of $25.66.

First Trust Dow Jones International Internet ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.0693 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Thursday, June 27th.

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.