FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) Stock Short Interest Jumps 127.2%

FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 3,072 shares, a growth of 127.2% from the September 30th total of 1,352 shares. Based on an average daily trading volume, of 2,438 shares, the short-interest ratio is presently 1.3 days. Currently, 1.0% of the company’s stock are sold short.

FT Vest Dow Jones Internet & Target Income ETF Stock Down 2.2%

Shares of BATS:FDND opened at $21.31 on Friday. The business’s 50 day moving average is $22.54 and its 200 day moving average is $21.48. The stock has a market cap of $6.39 million, a price-to-earnings ratio of 33.97 and a beta of 1.44. FT Vest Dow Jones Internet & Target Income ETF has a 12-month low of $18.76 and a 12-month high of $24.07.

Hedge Funds Weigh In On FT Vest Dow Jones Internet & Target Income ETF

Hedge funds have recently made changes to their positions in the stock. Triumph Capital Management increased its holdings in shares of FT Vest Dow Jones Internet & Target Income ETF by 33.5% in the second quarter. Triumph Capital Management now owns 3,129 shares of the company’s stock worth $65,000 after purchasing an additional 786 shares during the period. Bullseye Investment Management LLC bought a new stake in shares of FT Vest Dow Jones Internet & Target Income ETF in the 2nd quarter worth approximately $125,000. Integrated Wealth Concepts LLC purchased a new position in shares of FT Vest Dow Jones Internet & Target Income ETF during the 2nd quarter worth approximately $183,000. Envestnet Asset Management Inc. increased its stake in shares of FT Vest Dow Jones Internet & Target Income ETF by 6.7% during the second quarter. Envestnet Asset Management Inc. now owns 14,780 shares of the company’s stock valued at $309,000 after purchasing an additional 925 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in FT Vest Dow Jones Internet & Target Income ETF in the first quarter worth about $383,000.

FT Vest Dow Jones Internet & Target Income ETF Company Profile

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.