Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Declines By 13.2%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 22,300 shares, a decline of 13.2% from the January 31st total of 25,700 shares. Based on an average daily volume of 11,500 shares, the days-to-cover ratio is presently 1.9 days.

First Trust Dow Jones International Internet ETF Trading Down 0.6 %

Shares of FDNI stock opened at $33.03 on Friday. First Trust Dow Jones International Internet ETF has a twelve month low of $21.81 and a twelve month high of $34.12. The stock has a 50 day moving average of $29.58 and a 200 day moving average of $28.25. The stock has a market cap of $42.94 million, a P/E ratio of 24.04 and a beta of 0.80.

First Trust Dow Jones International Internet ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.222 dividend. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust Dow Jones International Internet ETF

A number of hedge funds have recently modified their holdings of FDNI. LPL Financial LLC grew its holdings in First Trust Dow Jones International Internet ETF by 6.4% in the 4th quarter. LPL Financial LLC now owns 94,790 shares of the company’s stock valued at $2,587,000 after buying an additional 5,737 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of First Trust Dow Jones International Internet ETF during the 3rd quarter valued at about $233,000. Financial Engines Advisors L.L.C. purchased a new stake in shares of First Trust Dow Jones International Internet ETF in the fourth quarter valued at about $315,000. Jane Street Group LLC acquired a new stake in First Trust Dow Jones International Internet ETF during the third quarter worth about $634,000. Finally, OLD Mission Capital LLC raised its stake in First Trust Dow Jones International Internet ETF by 370.8% during the fourth quarter. OLD Mission Capital LLC now owns 61,431 shares of the company’s stock worth $1,676,000 after purchasing an additional 48,382 shares during the period.

First Trust Dow Jones International Internet ETF Company Profile

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.