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

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 48,544 shares, a growth of 126.8% from the May 14th total of 21,403 shares. Approximately 3.3% of the shares of the company are sold short. Based on an average trading volume of 10,926 shares, the short-interest ratio is currently 4.4 days.

First Trust Dow Jones International Internet ETF Stock Performance

Shares of FDNI stock traded down $0.14 during mid-day trading on Friday, hitting $26.71. 2,690 shares of the stock traded hands, compared to its average volume of 15,345. First Trust Dow Jones International Internet ETF has a twelve month low of $25.26 and a twelve month high of $39.97. The firm has a market cap of $38.73 million, a price-to-earnings ratio of 21.90 and a beta of 0.89. The company’s 50-day simple moving average is $27.77 and its 200-day simple moving average is $30.49.

Hedge Funds Weigh In On First Trust Dow Jones International Internet ETF

A number of hedge funds have recently modified their holdings of FDNI. NewEdge Advisors LLC grew its holdings in shares of First Trust Dow Jones International Internet ETF by 3.6% in the 2nd quarter. NewEdge Advisors LLC now owns 261,410 shares of the company’s stock worth $8,797,000 after acquiring an additional 8,995 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of First Trust Dow Jones International Internet ETF in the 2nd quarter worth $815,000. Warner Group LLC acquired a new position in shares of First Trust Dow Jones International Internet ETF in the 3rd quarter worth $3,912,000. Raymond James Financial Inc. grew its holdings in shares of First Trust Dow Jones International Internet ETF by 5.1% in the 3rd quarter. Raymond James Financial Inc. now owns 131,362 shares of the company’s stock worth $5,090,000 after acquiring an additional 6,415 shares during the last quarter. Finally, Wells Fargo & Company MN acquired a new position in shares of First Trust Dow Jones International Internet ETF in the 4th quarter worth $57,000.

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.