First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Stock Short Interest Falls 62.7%

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 166,086 shares, a decline of 62.7% from the September 15th total of 445,604 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 192,910 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On First Trust Dow Jones Internet Index Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Petix & Botte Co lifted its stake in First Trust Dow Jones Internet Index Fund by 4.1% in the 1st quarter. Petix & Botte Co now owns 1,284 shares of the company’s stock valued at $300,000 after purchasing an additional 50 shares during the last quarter. Apella Capital LLC increased its position in First Trust Dow Jones Internet Index Fund by 5.4% during the third quarter. Apella Capital LLC now owns 1,077 shares of the company’s stock worth $318,000 after buying an additional 55 shares during the last quarter. Brookstone Capital Management lifted its position in shares of First Trust Dow Jones Internet Index Fund by 1.5% in the first quarter. Brookstone Capital Management now owns 4,080 shares of the company’s stock valued at $955,000 after buying an additional 60 shares during the last quarter. Triumph Capital Management boosted its position in First Trust Dow Jones Internet Index Fund by 4.3% during the second quarter. Triumph Capital Management now owns 1,529 shares of the company’s stock worth $405,000 after purchasing an additional 63 shares during the period. Finally, HF Advisory Group LLC boosted its holdings in shares of First Trust Dow Jones Internet Index Fund by 2.5% during the 3rd quarter. HF Advisory Group LLC now owns 2,615 shares of the company’s stock worth $754,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 70.10% of the company’s stock.

First Trust Dow Jones Internet Index Fund Trading Up 0.2%

Shares of FDN stock traded up $0.60 on Tuesday, hitting $299.42. 223,989 shares of the stock were exchanged, compared to its average volume of 438,985. The firm has a market capitalization of $5.45 billion, a P/E ratio of 32.59 and a beta of 1.23. The business has a 50-day moving average of $290.40 and a 200 day moving average of $273.08. First Trust Dow Jones Internet Index Fund has a fifty-two week low of $224.46 and a fifty-two week high of $302.79.

About First Trust Dow Jones Internet Index Fund

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.