First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Price Up 0.5% – Should You Buy?

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) shares rose 0.5% on Monday . The company traded as high as $27.22 and last traded at $26.92. Approximately 2,572 shares traded hands during trading, a decline of 84% from the average daily volume of 15,778 shares. The stock had previously closed at $26.78.

First Trust Dow Jones International Internet ETF Trading Down 0.7%

The stock’s 50 day moving average price is $27.78 and its two-hundred day moving average price is $30.60. The firm has a market capitalization of $38.61 million, a PE ratio of 21.90 and a beta of 0.89.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC increased its stake in shares of First Trust Dow Jones International Internet ETF by 133.5% during the 1st quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock worth $18,436,000 after purchasing an additional 387,223 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of 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 worth $5,090,000 after purchasing an additional 6,415 shares in the last quarter. Warner Group LLC increased 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 purchasing an additional 16,111 shares in the last quarter. OLD Mission Capital LLC increased its stake in shares of First Trust Dow Jones International Internet ETF by 1,092.1% during the 4th quarter. OLD Mission Capital LLC now owns 85,115 shares of the company’s stock worth $2,887,000 after purchasing an additional 77,975 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of First Trust Dow Jones International Internet ETF by 777.9% during the 4th quarter. Jane Street Group LLC now owns 82,281 shares of the company’s stock worth $2,791,000 after purchasing an additional 72,909 shares in 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.