First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Trading Up 2.3% – Still a Buy?

Shares of First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) rose 2.3% on Monday . The company traded as high as $27.70 and last traded at $27.48. Approximately 15,593 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 20,996 shares. The stock had previously closed at $26.87.

First Trust Dow Jones International Internet ETF Stock Performance

The firm’s 50 day simple moving average is $26.80 and its 200-day simple moving average is $29.02. The company has a market cap of $35.72 million, a price-to-earnings ratio of 21.90 and a beta of 0.89.

Hedge Funds Weigh In On First Trust Dow Jones International Internet ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC grew its stake in First Trust Dow Jones International Internet ETF by 133.5% during the 1st quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock valued at $18,436,000 after acquiring an additional 387,223 shares in the last quarter. Raymond James Financial Inc. lifted its stake in First Trust Dow Jones International Internet ETF by 5.1% in the 3rd quarter. Raymond James Financial Inc. now owns 131,362 shares of the company’s stock worth $5,090,000 after purchasing an additional 6,415 shares in the last quarter. Warner Group LLC boosted its holdings in shares of First Trust Dow Jones International Internet ETF by 14.2% during the 1st quarter. Warner Group LLC now owns 129,958 shares of the company’s stock worth $3,538,000 after purchasing an additional 16,111 shares during the last quarter. OLD Mission Capital LLC grew its position in shares of First Trust Dow Jones International Internet ETF by 1,092.1% in the fourth quarter. OLD Mission Capital LLC now owns 85,115 shares of the company’s stock valued at $2,887,000 after purchasing an additional 77,975 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of First Trust Dow Jones International Internet ETF by 777.9% in the fourth quarter. Jane Street Group LLC now owns 82,281 shares of the company’s stock valued at $2,791,000 after purchasing an additional 72,909 shares during the last quarter.

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.