First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Trading Down 1.8% – Here’s What Happened

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI)’s share price traded down 1.8% during mid-day trading on Monday . The company traded as low as $27.82 and last traded at $27.87. 20,594 shares traded hands during trading, an increase of 8% from the average daily volume of 19,105 shares. The stock had previously closed at $28.39.

First Trust Dow Jones International Internet ETF Price Performance

The company’s 50 day moving average price is $27.37 and its two-hundred day moving average price is $27.81. The stock has a market capitalization of $30.66 million, a PE ratio of 21.90 and a beta of 0.89.

Institutional Trading of First Trust Dow Jones International Internet ETF

A number of hedge funds have recently bought and sold shares of the business. Sankala Group LLC acquired a new position in shares of First Trust Dow Jones International Internet ETF during the 4th quarter worth approximately $30,000. Wells Fargo & Company MN purchased a new stake in shares of First Trust Dow Jones International Internet ETF in the fourth quarter valued at approximately $57,000. ICONIQ Capital LLC acquired a new stake in shares of First Trust Dow Jones International Internet ETF in the fourth quarter valued at approximately $79,000. Jane Street Group LLC acquired a new stake in shares of First Trust Dow Jones International Internet ETF in the second quarter valued at approximately $815,000. Finally, Millennium Management LLC purchased a new position in First Trust Dow Jones International Internet ETF during the fourth quarter worth approximately $1,116,000.

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.