First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Short Interest Update

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 180,510 shares, a decline of 31.0% from the December 31st total of 261,737 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 244,554 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 244,554 shares, the short-interest ratio is presently 0.7 days. Approximately 0.7% of the company’s stock are short sold.

First Trust Dow Jones Internet Index Fund Trading Down 1.8%

NYSEARCA FDN traded down $4.74 during trading hours on Friday, reaching $260.63. 544,330 shares of the company traded hands, compared to its average volume of 342,857. The stock has a market capitalization of $6.37 billion, a PE ratio of 32.59 and a beta of 1.16. First Trust Dow Jones Internet Index Fund has a 12 month low of $191.37 and a 12 month high of $287.81. The company has a 50 day moving average of $268.05 and a two-hundred day moving average of $273.19.

Institutional Trading of First Trust Dow Jones Internet Index Fund

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC raised its position in shares of First Trust Dow Jones Internet Index Fund by 29.9% during the 1st quarter. AQR Capital Management LLC now owns 1,629 shares of the company’s stock worth $362,000 after purchasing an additional 375 shares during the period. Trust Co. of Vermont acquired a new position in shares of First Trust Dow Jones Internet Index Fund during the second quarter valued at $27,000. EWA LLC acquired a new stake in shares of First Trust Dow Jones Internet Index Fund in the 2nd quarter worth about $211,000. Crews Bank & Trust bought a new stake in First Trust Dow Jones Internet Index Fund in the 2nd quarter valued at about $96,000. Finally, Ergawealth Advisors Inc. acquired a new position in First Trust Dow Jones Internet Index Fund during the 2nd quarter valued at about $219,000. 70.10% of the stock is owned by institutional investors and hedge funds.

First Trust Dow Jones Internet Index Fund Company Profile

First Trust Dow Jones Internet Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Internet Composite Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index represents companies that generate the majority of their revenues via the Internet. The Index aims to represent 80% of the float-adjusted Internet equity universe. The Index contains two sub-indexes, the Dow Jones Internet Commerce Index and the Dow Jones Internet Services Index.