First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Trading Down 0.4% – Should You Sell?

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) fell 0.4% during mid-day trading on Friday . The stock traded as low as $34.47 and last traded at $34.62. 3,579 shares changed hands during trading, a decline of 92% from the average session volume of 43,888 shares. The stock had previously closed at $34.77.

First Trust Dow Jones International Internet ETF Trading Down 0.4%

The firm has a 50-day simple moving average of $37.19 and a 200-day simple moving average of $35.23. The firm has a market cap of $88.28 million, a P/E ratio of 21.90 and a beta of 0.84.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. lifted its position 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 valued at $5,090,000 after buying an additional 6,415 shares during the last quarter. Warner Group LLC purchased a new position in shares of First Trust Dow Jones International Internet ETF in the 3rd quarter worth approximately $3,912,000. Fountainhead AM LLC bought a new position in shares of First Trust Dow Jones International Internet ETF during the 3rd quarter worth approximately $218,000. Signal Advisors Wealth LLC bought a new position in shares of First Trust Dow Jones International Internet ETF during the 3rd quarter worth approximately $243,000. Finally, Osaic Holdings Inc. lifted its position in First Trust Dow Jones International Internet ETF by 9.1% during the second quarter. Osaic Holdings Inc. now owns 61,191 shares of the company’s stock valued at $2,059,000 after acquiring an additional 5,080 shares during 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.