First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Price Down 1.8% – Here’s What Happened

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI)’s share price dropped 1.8% on Monday . The stock traded as low as $27.82 and last traded at $27.87. 20,594 shares were traded during mid-day trading, an increase of 8% from the average session volume of 19,105 shares. The stock had previously closed at $28.39.

First Trust Dow Jones International Internet ETF Price Performance

The business has a fifty day moving average of $27.41 and a 200-day moving average of $27.78. The stock has a market capitalization of $30.05 million, a price-to-earnings ratio of 21.90 and a beta of 0.89.

Institutional Trading of First Trust Dow Jones International Internet ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC grew its position in First Trust Dow Jones International Internet ETF by 17.6% in the second 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. NewEdge Advisors LLC lifted its position 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 valued at $18,436,000 after acquiring an additional 387,223 shares during the last quarter. Warner Group LLC lifted its position 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 valued at $3,538,000 after acquiring an additional 16,111 shares during the last quarter. Sankala Group LLC bought a new stake in shares of First Trust Dow Jones International Internet ETF during the 4th quarter worth $30,000. Finally, OLD Mission Capital LLC boosted 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 acquiring an additional 77,975 shares in the last quarter.

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.