Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Decreases By 44.4%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 21,855 shares, a decline of 44.4% from the April 15th total of 39,337 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 17,381 shares, the days-to-cover ratio is presently 1.3 days.

First Trust Dow Jones International Internet ETF Price Performance

Shares of FDNI traded up $0.11 on Monday, hitting $27.22. The company’s stock had a trading volume of 18,902 shares, compared to its average volume of 15,395. The company has a market capitalization of $39.47 million, a PE ratio of 21.90 and a beta of 0.91. First Trust Dow Jones International Internet ETF has a fifty-two week low of $25.95 and a fifty-two week high of $39.97. The company has a 50 day moving average price of $28.02 and a 200 day moving average price of $31.76.

Hedge Funds Weigh In On First Trust Dow Jones International Internet ETF

A number of institutional investors have recently modified their holdings of FDNI. Warner Group LLC acquired a new position in First Trust Dow Jones International Internet ETF during the 3rd quarter worth $3,912,000. Jane Street Group LLC bought a new stake in shares of First Trust Dow Jones International Internet ETF during the 2nd quarter valued at $815,000. Wells Fargo & Company MN bought a new position in shares of First Trust Dow Jones International Internet ETF in the 4th quarter worth $57,000. ICONIQ Capital LLC bought a new position in shares of First Trust Dow Jones International Internet ETF in the 4th quarter worth $79,000. Finally, NewEdge Advisors LLC boosted its position in shares of First Trust Dow Jones International Internet ETF by 3.6% in the 2nd quarter. NewEdge Advisors LLC now owns 261,410 shares of the company’s stock worth $8,797,000 after purchasing an additional 8,995 shares during 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.