FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) Sees Significant Increase in Short Interest

FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 1,924 shares, a growth of 1,264.5% from the June 30th total of 141 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 1,580 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its holdings in FT Vest Dow Jones Internet & Target Income ETF by 12.4% during the 4th quarter. Osaic Holdings Inc. now owns 45,074 shares of the company’s stock worth $1,015,000 after acquiring an additional 4,967 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of FT Vest Dow Jones Internet & Target Income ETF by 169.4% in the 1st quarter. Jane Street Group LLC now owns 27,440 shares of the company’s stock valued at $552,000 after purchasing an additional 17,253 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of FT Vest Dow Jones Internet & Target Income ETF in the 1st quarter valued at $383,000. Finally, Triumph Capital Management purchased a new stake in shares of FT Vest Dow Jones Internet & Target Income ETF during the 3rd quarter worth $56,000.

FT Vest Dow Jones Internet & Target Income ETF Stock Performance

Shares of FDND opened at $20.44 on Friday. FT Vest Dow Jones Internet & Target Income ETF has a 1 year low of $18.76 and a 1 year high of $24.79. The stock has a market capitalization of $6.13 million, a PE ratio of 33.97 and a beta of 1.44. The stock has a 50-day simple moving average of $21.45 and a 200-day simple moving average of $21.03.

About FT Vest Dow Jones Internet & Target Income ETF

The FT Vest Dow Jones Internet & Target Income ETF (FDND) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks a target level of current income and capital appreciation by holding a portfolio of US internet stocks, while utilizing a naked call writing strategy on the Nasdaq-100 Index or related ETF. FDND was launched on Mar 20, 2024 and is issued by First Trust.