FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) Stock Short Interest Rises 307.2%

FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,352 shares, an increase of 307.2% from the September 15th total of 332 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 1,332 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of FT Vest Dow Jones Internet & Target Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in FT Vest Dow Jones Internet & Target Income ETF by 6.7% in the second quarter. Envestnet Asset Management Inc. now owns 14,780 shares of the company’s stock valued at $309,000 after acquiring an additional 925 shares during the period. Bullseye Investment Management LLC purchased a new stake in FT Vest Dow Jones Internet & Target Income ETF in the 2nd quarter worth approximately $125,000. Integrated Wealth Concepts LLC purchased a new stake in FT Vest Dow Jones Internet & Target Income ETF in the 2nd quarter worth approximately $183,000. Triumph Capital Management grew its stake in shares of FT Vest Dow Jones Internet & Target Income ETF by 33.5% during the 2nd quarter. Triumph Capital Management now owns 3,129 shares of the company’s stock worth $65,000 after purchasing an additional 786 shares during the period. Finally, Independent Financial Group LLC acquired a new stake in shares of FT Vest Dow Jones Internet & Target Income ETF during the 1st quarter worth approximately $383,000.

FT Vest Dow Jones Internet & Target Income ETF Stock Performance

BATS FDND opened at $23.19 on Tuesday. The stock has a 50-day simple moving average of $22.68 and a two-hundred day simple moving average of $21.69. The firm has a market capitalization of $6.96 million, a P/E ratio of 33.97 and a beta of 1.44. FT Vest Dow Jones Internet & Target Income ETF has a fifty-two week low of $18.76 and a fifty-two week high of $24.35.

FT Vest Dow Jones Internet & Target Income ETF Company Profile

The FT Vest Dow Jones Internet & Target Income ETF (FDND) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks a target level of current income and capital appreciation by holding a portfolio of US internet stocks, while utilizing a naked call writing strategy on the Nasdaq-100 Index or related ETF. FDND was launched on Mar 20, 2024 and is issued by First Trust.