First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Shares Break Above Fifty Day Moving Average – Should You Sell?

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $26.30 and traded as high as $26.40. First Trust Dow Jones International Internet ETF shares last traded at $26.4090, with a volume of 2,021 shares.

First Trust Dow Jones International Internet ETF Stock Up 0.8%

The stock has a market cap of $30.37 million, a P/E ratio of 21.90 and a beta of 0.88. The business has a 50 day moving average price of $26.30 and a two-hundred day moving average price of $27.85.

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

An institutional investor recently raised its stake in First Trust Dow Jones International Internet ETF stock. Citadel Advisors LLC lifted its holdings in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) by 17.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,412 shares of the company’s stock after acquiring an additional 6,358 shares during the period. Citadel Advisors LLC owned 3.86% of First Trust Dow Jones International Internet ETF worth $1,079,000 at the end of the most recent 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.