Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Increases By 20,830.6%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 76,606 shares, a growth of 20,830.6% from the February 26th total of 366 shares. Based on an average daily volume of 23,203 shares, the days-to-cover ratio is presently 3.3 days. Currently, 4.6% of the shares of the stock are sold short. Currently, 4.6% of the shares of the stock are sold short. Based on an average daily volume of 23,203 shares, the days-to-cover ratio is presently 3.3 days.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Warner Group LLC purchased a new position in First Trust Dow Jones International Internet ETF during the third quarter worth $3,912,000. OLD Mission Capital LLC grew its position in First Trust Dow Jones International Internet ETF by 1,092.1% in the 4th quarter. OLD Mission Capital LLC now owns 85,115 shares of the company’s stock valued at $2,887,000 after acquiring an additional 77,975 shares during the last quarter. Jane Street Group LLC increased its stake in First Trust Dow Jones International Internet ETF by 777.9% in the fourth quarter. Jane Street Group LLC now owns 82,281 shares of the company’s stock worth $2,791,000 after purchasing an additional 72,909 shares during the period. Millennium Management LLC bought a new stake in First Trust Dow Jones International Internet ETF during the 4th quarter valued at about $1,116,000. Finally, NewEdge Advisors LLC increased its holdings in First Trust Dow Jones International Internet ETF by 10.3% during the 4th quarter. NewEdge Advisors LLC now owns 289,960 shares of the company’s stock worth $9,834,000 after purchasing an additional 27,002 shares during the period.

First Trust Dow Jones International Internet ETF Stock Down 1.5%

First Trust Dow Jones International Internet ETF stock opened at $27.05 on Wednesday. The company’s 50-day moving average price is $30.75 and its 200-day moving average price is $34.35. The company has a market cap of $44.63 million, a PE ratio of 21.90 and a beta of 0.84. First Trust Dow Jones International Internet ETF has a twelve month low of $25.82 and a twelve month high of $39.97.

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.