Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Rises By 62.4%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 2,269 shares, a growth of 62.4% from the January 29th total of 1,397 shares. Based on an average trading volume of 11,571 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 11,571 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Dow Jones International Internet ETF Stock Performance

Shares of NASDAQ FDNI traded down $0.40 during trading on Monday, hitting $29.16. The company had a trading volume of 95,826 shares, compared to its average volume of 16,924. The company has a market cap of $48.11 million, a P/E ratio of 21.90 and a beta of 0.84. The business’s 50-day moving average is $32.89 and its 200 day moving average is $35.18. First Trust Dow Jones International Internet ETF has a 52 week low of $25.82 and a 52 week high of $39.97.

First Trust Dow Jones International Internet ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.3784 per share. The ex-dividend date was Friday, December 12th. This represents a $1.51 annualized dividend and a yield of 5.2%.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sankala Group LLC bought a new stake in shares of First Trust Dow Jones International Internet ETF during the fourth quarter worth about $30,000. Wells Fargo & Company MN purchased a new position in shares of First Trust Dow Jones International Internet ETF during the fourth quarter worth about $57,000. ICONIQ Capital LLC bought a new position in shares of First Trust Dow Jones International Internet ETF in the fourth quarter worth approximately $79,000. Newbridge Financial Services Group Inc. purchased a new stake in First Trust Dow Jones International Internet ETF in the second quarter valued at approximately $102,000. Finally, Fountainhead AM LLC purchased a new position in First Trust Dow Jones International Internet ETF in the 3rd quarter worth approximately $218,000.

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.