First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Shares Climb 2.4% – Here’s Why

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI)’s share price was up 2.4% on Monday. The company traded as high as $26.10 and last traded at $26.0850. Approximately 615 shares were traded during trading, a decline of 97% from the average daily volume of 18,047 shares. The stock had previously closed at $25.47.

First Trust Dow Jones International Internet ETF Stock Performance

The firm has a market capitalization of $29.63 million, a P/E ratio of 21.90 and a beta of 0.89. The business’s fifty day moving average price is $27.41 and its two-hundred day moving average price is $27.27.

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

Institutional investors have recently bought and sold shares of the business. Sankala Group LLC purchased a new position in shares of First Trust Dow Jones International Internet ETF during the fourth quarter worth $30,000. Citadel Advisors LLC raised its position in First Trust Dow Jones International Internet ETF by 17.6% during the second quarter. Citadel Advisors LLC now owns 42,412 shares of the company’s stock worth $1,079,000 after acquiring an additional 6,358 shares during the period. Warner Group LLC lifted its stake in First Trust Dow Jones International Internet ETF by 14.2% in the 1st quarter. Warner Group LLC now owns 129,958 shares of the company’s stock valued at $3,538,000 after buying an additional 16,111 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of First Trust Dow Jones International Internet ETF by 133.5% in the first quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock valued at $18,436,000 after acquiring an additional 387,223 shares in the last quarter.

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.