Short Interest in First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Decreases By 31.0%

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 180,510 shares, a decrease of 31.0% from the December 31st total of 261,737 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 244,554 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 244,554 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.7% of the company’s stock are sold short.

First Trust Dow Jones Internet Index Fund Trading Down 1.8%

FDN stock traded down $4.74 during trading on Friday, reaching $260.63. The stock had a trading volume of 544,330 shares, compared to its average volume of 342,857. The firm has a fifty day moving average price of $268.05 and a 200 day moving average price of $273.14. The company has a market capitalization of $6.37 billion, a P/E ratio of 32.59 and a beta of 1.16. First Trust Dow Jones Internet Index Fund has a 1-year low of $191.37 and a 1-year high of $287.81.

Institutional Investors Weigh In On First Trust Dow Jones Internet Index Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Lyell Wealth Management LP grew its position in shares of First Trust Dow Jones Internet Index Fund by 0.7% during the second quarter. Lyell Wealth Management LP now owns 5,747 shares of the company’s stock worth $1,548,000 after buying an additional 38 shares in the last quarter. Puff Wealth Management LLC grew its holdings in First Trust Dow Jones Internet Index Fund by 1.8% during the 3rd quarter. Puff Wealth Management LLC now owns 2,166 shares of the company’s stock worth $606,000 after acquiring an additional 39 shares in the last quarter. DAVENPORT & Co LLC increased its position in shares of First Trust Dow Jones Internet Index Fund by 0.8% in the 4th quarter. DAVENPORT & Co LLC now owns 5,561 shares of the company’s stock worth $1,497,000 after purchasing an additional 42 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of First Trust Dow Jones Internet Index Fund by 0.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,419 shares of the company’s stock valued at $3,883,000 after purchasing an additional 43 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in First Trust Dow Jones Internet Index Fund by 92.0% in the third quarter. Hantz Financial Services Inc. now owns 96 shares of the company’s stock worth $27,000 after purchasing an additional 46 shares in the last quarter. 70.10% of the stock is currently owned by hedge funds and other institutional investors.

About First Trust Dow Jones Internet Index Fund

First Trust Dow Jones Internet Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Internet Composite Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index represents companies that generate the majority of their revenues via the Internet. The Index aims to represent 80% of the float-adjusted Internet equity universe. The Index contains two sub-indexes, the Dow Jones Internet Commerce Index and the Dow Jones Internet Services Index.