First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Shares Shorted: Short Interest Up 828.6% in September

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 100,516 shares, a growth of 828.6% from the September 15th total of 10,825 shares. Approximately 8.7% of the company’s shares are sold short. Based on an average trading volume of 14,326 shares, the short-interest ratio is currently 7.0 days.

First Trust Dow Jones International Internet ETF Trading Up 2.9%

NASDAQ:FDNI traded up $0.75 on Friday, reaching $26.64. 4,731 shares of the stock traded hands, compared to its average volume of 17,711. The firm has a market capitalization of $30.64 million, a price-to-earnings ratio of 21.90 and a beta of 0.89. The company’s 50 day moving average is $27.31 and its 200-day moving average is $27.25. First Trust Dow Jones International Internet ETF has a 1-year low of $23.99 and a 1-year high of $39.27.

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

A number of institutional investors have recently modified their holdings of FDNI. NewEdge Advisors LLC lifted its holdings in First Trust Dow Jones International Internet ETF by 133.5% in the first quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock valued at $18,436,000 after buying an additional 387,223 shares during the period. Warner Group LLC increased its stake in First Trust Dow Jones International Internet ETF by 14.2% in the first quarter. Warner Group LLC now owns 129,958 shares of the company’s stock valued at $3,538,000 after purchasing an additional 16,111 shares in the last quarter. Citadel Advisors LLC increased its position in First Trust Dow Jones International Internet ETF by 17.6% in the 2nd quarter. Citadel Advisors LLC now owns 42,412 shares of the company’s stock valued at $1,079,000 after buying an additional 6,358 shares in the last quarter. Finally, Sankala Group LLC bought a new stake in shares of First Trust Dow Jones International Internet ETF during the fourth quarter valued at approximately $30,000.

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.