First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Down 79.9% in March

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 22,400 shares, a decrease of 79.9% from the March 15th total of 111,300 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average trading volume of 68,600 shares, the short-interest ratio is currently 0.3 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Engines Advisors L.L.C. purchased a new position in First Trust Dow Jones International Internet ETF in the fourth quarter valued at $315,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First Trust Dow Jones International Internet ETF during the fourth quarter worth approximately $416,000. Jane Street Group LLC acquired a new stake in First Trust Dow Jones International Internet ETF in the third quarter valued at approximately $634,000. OLD Mission Capital LLC grew its holdings in First Trust Dow Jones International Internet ETF by 370.8% during the 4th quarter. OLD Mission Capital LLC now owns 61,431 shares of the company’s stock worth $1,676,000 after acquiring an additional 48,382 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of First Trust Dow Jones International Internet ETF by 6.4% during the 4th 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 during the last quarter.

First Trust Dow Jones International Internet ETF Price Performance

Shares of NASDAQ:FDNI opened at $29.03 on Tuesday. The firm’s 50-day moving average is $31.27 and its two-hundred day moving average is $29.45. First Trust Dow Jones International Internet ETF has a 1 year low of $21.81 and a 1 year high of $34.12. The firm has a market capitalization of $36.29 million, a PE ratio of 19.50 and a beta of 0.80.

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.