First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Short Interest Report for September

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 100,516 shares, an increase of 828.6% from the September 15th total of 10,825 shares. Based on an average trading volume of 14,326 shares, the short-interest ratio is currently 7.0 days. Currently, 8.7% of the shares of the company are short sold.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC raised its position in shares of First Trust Dow Jones International Internet ETF by 133.5% in the first quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock valued at $18,436,000 after purchasing an additional 387,223 shares during the period. Warner Group LLC lifted its stake in shares of First Trust Dow Jones International Internet ETF by 14.2% during the 1st quarter. Warner Group LLC now owns 129,958 shares of the company’s stock worth $3,538,000 after buying an additional 16,111 shares during the last quarter. Citadel Advisors LLC lifted its stake in shares of First Trust Dow Jones International Internet ETF by 17.6% during the 2nd quarter. Citadel Advisors LLC now owns 42,412 shares of the company’s stock worth $1,079,000 after buying an additional 6,358 shares during the last quarter. Finally, Sankala Group LLC bought a new stake in shares of First Trust Dow Jones International Internet ETF during the 4th quarter worth about $30,000.

First Trust Dow Jones International Internet ETF Stock Performance

FDNI opened at $26.64 on Monday. The stock’s fifty day simple moving average is $27.31 and its 200 day simple moving average is $27.25. First Trust Dow Jones International Internet ETF has a 1-year low of $23.99 and a 1-year high of $39.27. The stock has a market cap of $30.64 million, a PE ratio of 21.90 and a beta of 0.89.

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.