First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Sees Large Increase in Short Interest

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 48,544 shares, a growth of 126.8% from the May 14th total of 21,403 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily volume of 10,926 shares, the short-interest ratio is currently 4.4 days.

First Trust Dow Jones International Internet ETF Stock Performance

First Trust Dow Jones International Internet ETF stock opened at $26.71 on Friday. The company has a market capitalization of $38.73 million, a PE ratio of 21.90 and a beta of 0.89. First Trust Dow Jones International Internet ETF has a fifty-two week low of $25.26 and a fifty-two week high of $39.97. The firm has a 50 day moving average price of $27.77 and a 200 day moving average price of $30.52.

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

A number of institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings 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 valued at $8,797,000 after buying an additional 8,995 shares during the period. Jane Street Group LLC acquired a new position in First Trust Dow Jones International Internet ETF during the 2nd quarter worth about $815,000. Warner Group LLC purchased a new position in First Trust Dow Jones International Internet ETF during the 3rd quarter valued at about $3,912,000. Raymond James Financial Inc. boosted its holdings in First Trust Dow Jones International Internet ETF by 5.1% during the 3rd quarter. Raymond James Financial Inc. now owns 131,362 shares of the company’s stock valued at $5,090,000 after acquiring an additional 6,415 shares during the period. Finally, Wells Fargo & Company MN acquired a new position in First Trust Dow Jones International Internet ETF in the 4th quarter valued at about $57,000.

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.