First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Short Interest Update

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 237,797 shares, a decrease of 48.6% from the April 15th total of 463,001 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average trading volume of 570,044 shares, the short-interest ratio is currently 0.4 days.

First Trust Dow Jones Internet Index Fund Trading Down 0.0%

NYSEARCA FDN traded down $0.11 during trading hours on Friday, reaching $268.17. 1,157,454 shares of the company traded hands, compared to its average volume of 609,497. The stock has a market capitalization of $5.35 billion, a PE ratio of 32.59 and a beta of 1.21. First Trust Dow Jones Internet Index Fund has a 12 month low of $224.46 and a 12 month high of $287.81. The company has a 50 day moving average of $250.85 and a two-hundred day moving average of $258.70.

Hedge Funds Weigh In On First Trust Dow Jones Internet Index Fund

A number of hedge funds have recently bought and sold shares of FDN. Quantinno Capital Management LP increased its holdings in First Trust Dow Jones Internet Index Fund by 54.5% in the first quarter. Quantinno Capital Management LP now owns 5,306 shares of the company’s stock valued at $1,242,000 after buying an additional 1,872 shares during the last quarter. Gateway Wealth Partners LLC grew its position in shares of First Trust Dow Jones Internet Index Fund by 111.2% in the 1st quarter. Gateway Wealth Partners LLC now owns 22,073 shares of the company’s stock worth $5,165,000 after acquiring an additional 11,624 shares in the last quarter. Everest Financial Group LLC acquired a new position in shares of First Trust Dow Jones Internet Index Fund in the 1st quarter worth approximately $272,000. RMG Wealth Management LLC bought a new stake in shares of First Trust Dow Jones Internet Index Fund in the 1st quarter valued at approximately $77,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of First Trust Dow Jones Internet Index Fund in the 1st quarter valued at approximately $44,000. 70.10% of the stock is currently owned by institutional investors and hedge funds.

First Trust Dow Jones Internet Index Fund Company Profile

First Trust Dow Jones Internet Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Internet Composite Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index represents companies that generate the majority of their revenues via the Internet. The Index aims to represent 80% of the float-adjusted Internet equity universe. The Index contains two sub-indexes, the Dow Jones Internet Commerce Index and the Dow Jones Internet Services Index.