First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Down 52.4% in January

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 1,397 shares, a drop of 52.4% from the January 15th total of 2,934 shares. Based on an average daily volume of 28,736 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 28,736 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Dow Jones International Internet ETF Stock Down 4.3%

First Trust Dow Jones International Internet ETF stock traded down $1.34 during mid-day trading on Thursday, reaching $29.91. 13,794 shares of the company’s stock traded hands, compared to its average volume of 17,171. First Trust Dow Jones International Internet ETF has a 12-month low of $25.82 and a 12-month high of $39.97. The stock has a 50 day moving average of $33.93 and a two-hundred day moving average of $35.55. The company has a market cap of $49.34 million, a price-to-earnings ratio of 21.90 and a beta of 0.84.

First Trust Dow Jones International Internet ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.3784 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 5.1%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. bought a new stake in shares of First Trust Dow Jones International Internet ETF in the 2nd quarter valued at approximately $526,000. NewEdge Advisors LLC raised its holdings in First Trust Dow Jones International Internet ETF by 3.6% during 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. Raymond James Financial Inc. lifted its position in First Trust Dow Jones International Internet ETF by 5.1% in the third quarter. Raymond James Financial Inc. now owns 131,362 shares of the company’s stock worth $5,090,000 after buying an additional 6,415 shares during the last quarter. Jane Street Group LLC bought a new stake in First Trust Dow Jones International Internet ETF in the second quarter worth $815,000. Finally, Warner Group LLC boosted its stake in First Trust Dow Jones International Internet ETF by 12.8% during the fourth quarter. Warner Group LLC now owns 113,847 shares of the company’s stock worth $3,861,000 after buying an additional 12,906 shares during the period.

First Trust Dow Jones International Internet ETF Company Profile

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.