Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Drops By 56.5%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 978 shares, a drop of 56.5% from the December 15th total of 2,246 shares. Based on an average trading volume of 109,715 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 109,715 shares, the short-interest ratio is currently 0.0 days.

First Trust Dow Jones International Internet ETF Price Performance

FDNI stock traded down $0.20 on Thursday, hitting $34.97. 1,712 shares of the company were exchanged, compared to its average volume of 10,141. The stock has a market capitalization of $50.71 million, a price-to-earnings ratio of 21.90 and a beta of 0.84. First Trust Dow Jones International Internet ETF has a twelve month low of $25.82 and a twelve month high of $39.97. The business’s fifty day moving average is $34.80 and its two-hundred day moving average is $35.63.

First Trust Dow Jones International Internet ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.3784 dividend. This represents a $1.51 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, December 12th.

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

A number of institutional investors have recently added to or reduced their stakes in FDNI. Newbridge Financial Services Group Inc. purchased a new position in shares of First Trust Dow Jones International Internet ETF in the 2nd quarter worth about $102,000. Fountainhead AM LLC purchased a new position in shares of First Trust Dow Jones International Internet ETF in the 3rd quarter valued at $218,000. Signal Advisors Wealth LLC acquired a new stake in First Trust Dow Jones International Internet ETF in the 3rd quarter valued at $243,000. Assetmark Inc. acquired a new stake in First Trust Dow Jones International Internet ETF in the 2nd quarter valued at $526,000. Finally, Jane Street Group LLC acquired a new position in shares of First Trust Dow Jones International Internet ETF during the second quarter worth about $815,000.

First Trust Dow Jones International Internet ETF Company Profile

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.