First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Down 34.9% in November

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 40,100 shares, a decrease of 34.9% from the October 31st total of 61,600 shares. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is presently 6.1 days.

Institutional Trading of First Trust Dow Jones International Internet ETF

A hedge fund recently bought a new stake in First Trust Dow Jones International Internet ETF stock. Jane Street Group LLC bought a new stake in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,153 shares of the company’s stock, valued at approximately $634,000. Jane Street Group LLC owned approximately 1.58% of First Trust Dow Jones International Internet ETF as of its most recent SEC filing.

First Trust Dow Jones International Internet ETF Stock Performance

Shares of First Trust Dow Jones International Internet ETF stock traded up $0.03 on Friday, hitting $28.93. The company had a trading volume of 5,352 shares, compared to its average volume of 5,629. The stock has a market capitalization of $40.50 million, a price-to-earnings ratio of 25.42 and a beta of 0.80. First Trust Dow Jones International Internet ETF has a 1 year low of $20.58 and a 1 year high of $31.34. The stock has a 50 day moving average of $28.73 and a 200-day moving average of $25.68.

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.