Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Expands By 5.3%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 25,700 shares, a growth of 5.3% from the January 15th total of 24,400 shares. Based on an average daily trading volume, of 7,500 shares, the days-to-cover ratio is presently 3.4 days.

First Trust Dow Jones International Internet ETF Trading Up 2.8 %

Shares of First Trust Dow Jones International Internet ETF stock traded up $0.91 during trading on Monday, hitting $32.95. 8,981 shares of the stock traded hands, compared to its average volume of 15,416. The stock’s fifty day simple moving average is $28.49 and its 200 day simple moving average is $27.42. The firm has a market cap of $42.84 million, a P/E ratio of 25.42 and a beta of 0.80. First Trust Dow Jones International Internet ETF has a 52-week low of $21.81 and a 52-week high of $32.97.

First Trust Dow Jones International Internet ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.222 per share. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust Dow Jones International Internet ETF

Several hedge funds have recently modified their holdings of FDNI. Flow Traders U.S. LLC purchased a new stake in First Trust Dow Jones International Internet ETF during the third quarter worth $233,000. Financial Engines Advisors L.L.C. purchased a new position in First Trust Dow Jones International Internet ETF in the fourth quarter valued at about $315,000. Jane Street Group LLC bought a new position in shares of First Trust Dow Jones International Internet ETF during the 3rd quarter worth approximately $634,000. OLD Mission Capital LLC grew its holdings in First Trust Dow Jones International Internet ETF by 370.8% in the fourth quarter. OLD Mission Capital LLC now owns 61,431 shares of the company’s stock worth $1,676,000 after purchasing an additional 48,382 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of First Trust Dow Jones International Internet ETF by 6.4% during the fourth quarter. LPL Financial LLC now owns 94,790 shares of the company’s stock worth $2,587,000 after purchasing an additional 5,737 shares in the last quarter.

About First Trust Dow Jones International Internet ETF

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.