First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Short Interest Update

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 283,167 shares, a growth of 27.5% from the November 30th total of 222,008 shares. Based on an average daily trading volume, of 495,362 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.0% of the company’s shares are sold short. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 495,362 shares, the days-to-cover ratio is currently 0.6 days.

First Trust Dow Jones Internet Index Fund Trading Down 0.2%

FDN opened at $271.27 on Wednesday. The stock’s 50-day moving average price is $272.27 and its 200 day moving average price is $272.93. First Trust Dow Jones Internet Index Fund has a 12-month low of $191.37 and a 12-month high of $287.81. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 32.59 and a beta of 1.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its stake in First Trust Dow Jones Internet Index Fund by 36.9% during the 1st quarter. Russell Investments Group Ltd. now owns 1,557 shares of the company’s stock worth $346,000 after buying an additional 420 shares during the period. Ieq Capital LLC grew its stake in shares of First Trust Dow Jones Internet Index Fund by 44.4% in the first quarter. Ieq Capital LLC now owns 2,233 shares of the company’s stock worth $496,000 after acquiring an additional 687 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of First Trust Dow Jones Internet Index Fund by 2.9% in the first quarter. EP Wealth Advisors LLC now owns 12,164 shares of the company’s stock valued at $2,702,000 after acquiring an additional 342 shares in the last quarter. AQR Capital Management LLC grew its stake in First Trust Dow Jones Internet Index Fund by 29.9% during the 1st quarter. AQR Capital Management LLC now owns 1,629 shares of the company’s stock worth $362,000 after purchasing an additional 375 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new stake in First Trust Dow Jones Internet Index Fund during the 1st quarter worth about $130,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.

First Trust Dow Jones Internet Index Fund Company Profile

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.