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

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 22,400 shares, a decline of 79.9% from the March 15th total of 111,300 shares. Based on an average daily trading volume, of 68,600 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.8% of the shares of the company are short sold.

First Trust Dow Jones International Internet ETF Trading Down 1.7 %

NASDAQ:FDNI traded down $0.48 during trading hours on Wednesday, reaching $28.34. The company had a trading volume of 5,936 shares, compared to its average volume of 22,758. The firm has a market cap of $35.43 million, a price-to-earnings ratio of 19.50 and a beta of 0.80. First Trust Dow Jones International Internet ETF has a 52 week low of $21.81 and a 52 week high of $34.12. The firm’s 50 day moving average price is $31.24 and its 200-day moving average price is $29.44.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in First Trust Dow Jones International Internet ETF during the fourth quarter valued at about $5,537,000. GTS Securities LLC raised its stake in First Trust Dow Jones International Internet ETF by 97.1% during the 4th quarter. GTS Securities LLC now owns 101,020 shares of the company’s stock valued at $2,757,000 after purchasing an additional 49,765 shares during the period. LPL Financial LLC raised its stake in First Trust Dow Jones International Internet ETF by 6.4% during the 4th quarter. LPL Financial LLC now owns 94,790 shares of the company’s stock valued at $2,587,000 after purchasing an additional 5,737 shares during the period. OLD Mission Capital LLC lifted its holdings in First Trust Dow Jones International Internet ETF by 370.8% in the 4th quarter. OLD Mission Capital LLC now owns 61,431 shares of the company’s stock worth $1,676,000 after purchasing an additional 48,382 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in First Trust Dow Jones International Internet ETF in the 3rd quarter worth approximately $634,000.

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.