First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Update

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 111,300 shares, a growth of 354.3% from the February 28th total of 24,500 shares. Currently, 8.6% of the company’s stock are sold short. Based on an average daily volume of 15,900 shares, the days-to-cover ratio is presently 7.0 days.

First Trust Dow Jones International Internet ETF Stock Performance

Shares of FDNI stock traded down $1.03 during trading hours on Friday, reaching $31.25. The company had a trading volume of 23,074 shares, compared to its average volume of 8,938. The company has a market capitalization of $40.62 million, a P/E ratio of 22.95 and a beta of 0.80. 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’s fifty day simple moving average is $31.20 and its 200 day simple moving average is $29.09.

Institutional Trading of First Trust Dow Jones International Internet ETF

Large investors have recently bought and sold shares of the company. Flow Traders U.S. LLC purchased a new position in shares of First Trust Dow Jones International Internet ETF in the third quarter valued at $233,000. Financial Engines Advisors L.L.C. purchased a new position in First Trust Dow Jones International Internet ETF in the 4th quarter valued at about $315,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of First Trust Dow Jones International Internet ETF during the fourth quarter valued at about $416,000. Jane Street Group LLC acquired a new stake in shares of First Trust Dow Jones International Internet ETF during the third quarter valued at about $634,000. Finally, OLD Mission Capital LLC increased its position in shares of 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 acquiring an additional 48,382 shares during the last 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.