Short Interest in FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) Declines By 46.5%

FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 1,030 shares, a decrease of 46.5% from the July 15th total of 1,924 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 2,246 shares, the short-interest ratio is presently 0.5 days.

FT Vest Dow Jones Internet & Target Income ETF Stock Performance

Shares of BATS:FDND opened at $22.52 on Tuesday. The firm’s 50 day simple moving average is $21.51 and its 200-day simple moving average is $21.04. FT Vest Dow Jones Internet & Target Income ETF has a one year low of $18.76 and a one year high of $24.79. The firm has a market cap of $6.76 million, a PE ratio of 33.97 and a beta of 1.44.

Institutional Investors Weigh In On FT Vest Dow Jones Internet & Target Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Triumph Capital Management acquired a new stake in FT Vest Dow Jones Internet & Target Income ETF in the third quarter valued at approximately $56,000. Osaic Holdings Inc. increased its position in shares of FT Vest Dow Jones Internet & Target Income ETF by 12.4% during the fourth quarter. Osaic Holdings Inc. now owns 45,074 shares of the company’s stock worth $1,015,000 after purchasing an additional 4,967 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of FT Vest Dow Jones Internet & Target Income ETF by 169.4% during 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 during the last quarter. Finally, Independent Financial Group LLC purchased a new stake in shares of FT Vest Dow Jones Internet & Target Income ETF during the 1st quarter valued at $383,000.

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.