First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Price Up 1% – Here’s Why

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) rose 1% during mid-day trading on Friday . The stock traded as high as $30.03 and last traded at $30.03. Approximately 1,343 shares were traded during trading, a decline of 74% from the average daily volume of 5,240 shares. The stock had previously closed at $29.74.

First Trust Dow Jones International Internet ETF Stock Up 1.0 %

The firm has a market capitalization of $42.04 million, a P/E ratio of 25.42 and a beta of 0.80. The company’s 50 day moving average is $25.65 and its 200-day moving average is $24.40.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Dow Jones International Internet ETF stock. Integrated Advisors Network LLC lifted its position in shares of First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,079 shares of the company’s stock after purchasing an additional 632 shares during the period. Integrated Advisors Network LLC owned 2.17% of First Trust Dow Jones International Internet ETF worth $587,000 at the end of the most recent quarter.

About First Trust Dow Jones International Internet ETF

The First Trust Dow Jones International Internet ETF (FDNI) is an exchange-traded fund that is based on the Dow Jones International Internet index, a market-cap-weighted index that holds a concentrated portfolio of the largest internet services and commerce companies outside of the US. FDNI was launched on Nov 5, 2018 and is managed by First Trust.