FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,072 shares, an increase of 127.2% from the September 30th total of 1,352 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 2,438 shares, the days-to-cover ratio is currently 1.3 days.
FT Vest Dow Jones Internet & Target Income ETF Stock Performance
Shares of BATS FDND opened at $21.31 on Friday. The firm’s fifty day moving average is $22.54 and its two-hundred day moving average is $21.48. FT Vest Dow Jones Internet & Target Income ETF has a 52-week low of $18.76 and a 52-week high of $24.07. The company has a market cap of $6.39 million, a P/E ratio of 33.97 and a beta of 1.44.
Institutional Trading of FT Vest Dow Jones Internet & Target Income ETF
A number of hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management grew its position in shares of FT Vest Dow Jones Internet & Target Income ETF by 33.5% in the 2nd quarter. Triumph Capital Management now owns 3,129 shares of the company’s stock worth $65,000 after buying an additional 786 shares during the last quarter. Bullseye Investment Management LLC acquired a new position in shares of FT Vest Dow Jones Internet & Target Income ETF in the second quarter worth about $125,000. Integrated Wealth Concepts LLC purchased a new position in shares of FT Vest Dow Jones Internet & Target Income ETF during the 2nd quarter valued at approximately $183,000. Envestnet Asset Management Inc. increased its stake in FT Vest Dow Jones Internet & Target Income ETF by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 14,780 shares of the company’s stock worth $309,000 after buying an additional 925 shares in the last quarter. Finally, Independent Financial Group LLC acquired a new position in FT Vest Dow Jones Internet & Target Income ETF in the 1st quarter valued at $383,000.
FT Vest Dow Jones Internet & Target Income ETF Company Profile
The FT Vest Dow Jones Internet & Target Income ETF (FDND) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks a target level of current income and capital appreciation by holding a portfolio of US internet stocks, while utilizing a naked call writing strategy on the Nasdaq-100 Index or related ETF. FDND was launched on Mar 20, 2024 and is issued by First Trust.
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