First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Price Up 2.3% – Should You Buy?

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI)’s share price rose 2.3% on Monday . The company traded as high as $27.70 and last traded at $27.48. 15,593 shares traded hands during trading, a decline of 26% from the average daily volume of 20,996 shares. The stock had previously closed at $26.87.

First Trust Dow Jones International Internet ETF Stock Performance

The firm has a market cap of $30.66 million, a price-to-earnings ratio of 21.90 and a beta of 0.89. The firm’s 50 day moving average is $26.80 and its 200-day moving average is $28.97.

Institutional Trading of First Trust Dow Jones International Internet ETF

Several large investors have recently made changes to their positions in FDNI. Sankala Group LLC acquired a new position in shares of First Trust Dow Jones International Internet ETF during the 4th quarter valued at about $30,000. Wells Fargo & Company MN bought a new stake in First Trust Dow Jones International Internet ETF during the fourth quarter worth approximately $57,000. ICONIQ Capital LLC acquired a new position in First Trust Dow Jones International Internet ETF during the fourth quarter valued at approximately $79,000. Jane Street Group LLC acquired a new position in First Trust Dow Jones International Internet ETF during the second quarter valued at approximately $815,000. Finally, Millennium Management LLC bought a new position in shares of First Trust Dow Jones International Internet ETF in the fourth quarter valued at approximately $1,116,000.

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.