First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Price Down 1.8% – Here’s What Happened

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI)’s stock price traded down 1.8% on Monday . The company traded as low as $27.82 and last traded at $27.87. 20,594 shares changed hands during trading, an increase of 8% from the average session volume of 19,105 shares. The stock had previously closed at $28.39.

First Trust Dow Jones International Internet ETF Price Performance

The company’s fifty day simple moving average is $27.37 and its 200-day simple moving average is $27.81. The firm has a market capitalization of $30.66 million, a PE ratio of 21.90 and a beta of 0.89.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sankala Group LLC purchased a new position in shares of First Trust Dow Jones International Internet ETF in the fourth quarter valued at approximately $30,000. Wells Fargo & Company MN purchased a new stake in shares of First Trust Dow Jones International Internet ETF during the fourth quarter worth approximately $57,000. ICONIQ Capital LLC purchased a new stake in shares of First Trust Dow Jones International Internet ETF during the fourth quarter worth approximately $79,000. Jane Street Group LLC acquired a new position in First Trust Dow Jones International Internet ETF in the 2nd quarter valued at $815,000. Finally, Millennium Management LLC acquired a new position in First Trust Dow Jones International Internet ETF in the 4th quarter valued at $1,116,000.

First Trust Dow Jones International Internet ETF Company Profile

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.