First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Shares Up 2.3% – Still a Buy?

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI)’s share price shot up 2.3% during mid-day trading on Monday . The company traded as high as $27.70 and last traded at $27.48. 15,593 shares changed hands during trading, a decline of 26% from the average daily volume of 20,996 shares. The stock had previously closed at $26.87.

First Trust Dow Jones International Internet ETF Price Performance

The company’s 50 day simple moving average is $26.80 and its 200 day simple moving average is $29.02. The firm has a market cap of $35.72 million, a price-to-earnings ratio of 21.90 and a beta of 0.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its holdings in First Trust Dow Jones International Internet ETF by 10.3% during the 4th quarter. NewEdge Advisors LLC now owns 289,960 shares of the company’s stock worth $9,834,000 after purchasing an additional 27,002 shares during the period. OLD Mission Capital LLC boosted its stake in shares of First Trust Dow Jones International Internet ETF by 1,092.1% in the 4th quarter. OLD Mission Capital LLC now owns 85,115 shares of the company’s stock valued at $2,887,000 after buying an additional 77,975 shares during the period. Millennium Management LLC acquired a new position in shares of First Trust Dow Jones International Internet ETF during the fourth quarter worth about $1,116,000. Jane Street Group LLC grew its position in shares of First Trust Dow Jones International Internet ETF by 777.9% during the fourth quarter. Jane Street Group LLC now owns 82,281 shares of the company’s stock worth $2,791,000 after buying an additional 72,909 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of First Trust Dow Jones International Internet ETF by 5.1% during the third quarter. Raymond James Financial Inc. now owns 131,362 shares of the company’s stock worth $5,090,000 after buying an additional 6,415 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.