First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Down 74.7% in June

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 12,265 shares, a decrease of 74.7% from the May 31st total of 48,544 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 18,637 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Sankala Group LLC acquired a new stake in shares of First Trust Dow Jones International Internet ETF during the 4th quarter valued at $30,000. Wells Fargo & Company MN acquired a new position in First Trust Dow Jones International Internet ETF in the 4th quarter worth about $57,000. ICONIQ Capital LLC acquired a new position in First Trust Dow Jones International Internet ETF in the 4th quarter worth about $79,000. Jane Street Group LLC bought a new position in First Trust Dow Jones International Internet ETF in the second quarter valued at about $815,000. Finally, Millennium Management LLC bought a new position in First Trust Dow Jones International Internet ETF in the fourth quarter valued at about $1,116,000.

First Trust Dow Jones International Internet ETF Price Performance

Shares of NASDAQ:FDNI opened at $24.98 on Friday. The company has a market cap of $36.22 million, a price-to-earnings ratio of 21.90 and a beta of 0.89. The firm has a 50 day simple moving average of $27.42 and a 200 day simple moving average of $29.91. First Trust Dow Jones International Internet ETF has a one year low of $23.99 and a one year high of $39.97.

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.