First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Price Up 2.4% – Here’s What Happened

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI)’s share price traded up 2.4% during mid-day trading on Monday. The stock traded as high as $26.10 and last traded at $26.0850. Approximately 615 shares traded hands during trading, a decline of 97% from the average session volume of 18,047 shares. The stock had previously closed at $25.47.

First Trust Dow Jones International Internet ETF Stock Up 2.4%

The company has a market capitalization of $32.61 million, a PE ratio of 21.90 and a beta of 0.89. The company’s 50 day moving average is $27.43 and its two-hundred day moving average is $27.28.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Sankala Group LLC bought a new stake in shares of First Trust Dow Jones International Internet ETF in the fourth quarter worth about $30,000. Citadel Advisors LLC boosted its stake in First Trust Dow Jones International Internet ETF by 17.6% during the second quarter. Citadel Advisors LLC now owns 42,412 shares of the company’s stock valued at $1,079,000 after buying an additional 6,358 shares during the last quarter. Warner Group LLC boosted its stake in First Trust Dow Jones International Internet ETF by 14.2% during the first quarter. Warner Group LLC now owns 129,958 shares of the company’s stock valued at $3,538,000 after buying an additional 16,111 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in First Trust Dow Jones International Internet ETF by 133.5% during the 1st quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock valued at $18,436,000 after buying an additional 387,223 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.