First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Short Interest Declines 91.9%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 280 shares, a decrease of 91.9% from the October 15th total of 3,437 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,386 shares, the days-to-cover ratio is currently 0.1 days.

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

A hedge fund recently raised its position in First Trust Dow Jones International Internet ETF stock. NewEdge Advisors LLC grew its holdings in shares of First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) by 133.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 677,183 shares of the company’s stock after buying an additional 387,223 shares during the period. NewEdge Advisors LLC owned 46.70% of First Trust Dow Jones International Internet ETF worth $18,436,000 as of its most recent SEC filing.

First Trust Dow Jones International Internet ETF Price Performance

NASDAQ FDNI traded down $0.53 during trading on Tuesday, reaching $26.00. The company’s stock had a trading volume of 1,024 shares, compared to its average volume of 16,168. The stock has a market capitalization of $29.90 million, a PE ratio of 17.22 and a beta of 0.87. The firm has a fifty day moving average of $26.23 and a 200 day moving average of $27.78. First Trust Dow Jones International Internet ETF has a one year low of $23.99 and a one year high of $37.06.

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.