First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Short Interest Up 41.2% in January

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 254,791 shares, a growth of 41.2% from the January 15th total of 180,510 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 441,250 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 441,250 shares, the short-interest ratio is presently 0.6 days. Approximately 1.1% of the shares of the company are sold short.

First Trust Dow Jones Internet Index Fund Stock Up 1.0%

Shares of First Trust Dow Jones Internet Index Fund stock opened at $236.69 on Tuesday. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 32.59 and a beta of 1.16. The company’s 50 day moving average is $262.76 and its 200 day moving average is $271.29. First Trust Dow Jones Internet Index Fund has a twelve month low of $191.37 and a twelve month high of $287.81.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in First Trust Dow Jones Internet Index Fund by 10,327.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 969,394 shares of the company’s stock valued at $260,941,000 after acquiring an additional 960,097 shares during the last quarter. Millennium Management LLC grew its stake in shares of First Trust Dow Jones Internet Index Fund by 84.6% during the 3rd quarter. Millennium Management LLC now owns 650,113 shares of the company’s stock valued at $181,928,000 after purchasing an additional 297,881 shares during the period. UBS Group AG increased its position in shares of First Trust Dow Jones Internet Index Fund by 21.7% during the 3rd quarter. UBS Group AG now owns 879,200 shares of the company’s stock valued at $246,035,000 after purchasing an additional 156,607 shares during the last quarter. Citigroup Inc. lifted its stake in shares of First Trust Dow Jones Internet Index Fund by 1,225.4% in the 3rd quarter. Citigroup Inc. now owns 128,493 shares of the company’s stock worth $35,957,000 after purchasing an additional 118,798 shares during the period. Finally, Earned Wealth Advisors LLC bought a new position in shares of First Trust Dow Jones Internet Index Fund in the 4th quarter worth approximately $23,822,000. 70.10% of the stock is currently owned by hedge funds and other institutional investors.

About First Trust Dow Jones Internet Index Fund

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.