Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Drops By 83.9%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 366 shares, a drop of 83.9% from the February 12th total of 2,269 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 7,183 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 7,183 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sankala Group LLC purchased a new stake in First Trust Dow Jones International Internet ETF during the 4th quarter valued at approximately $30,000. NewEdge Advisors LLC lifted its holdings in shares of First Trust Dow Jones International Internet ETF by 10.3% in the fourth quarter. NewEdge Advisors LLC now owns 289,960 shares of the company’s stock worth $9,834,000 after buying an additional 27,002 shares in the last quarter. OLD Mission Capital LLC boosted its position in shares of First Trust Dow Jones International Internet ETF by 1,092.1% during the fourth 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 during the last quarter. Millennium Management LLC bought a new position in shares of First Trust Dow Jones International Internet ETF during the fourth quarter worth $1,116,000. Finally, ICONIQ Capital LLC purchased a new position in First Trust Dow Jones International Internet ETF during the fourth quarter valued at $79,000.

First Trust Dow Jones International Internet ETF Stock Performance

Shares of First Trust Dow Jones International Internet ETF stock traded up $0.47 during trading hours on Tuesday, hitting $29.58. The company’s stock had a trading volume of 6,953 shares, compared to its average volume of 17,458. The company has a market cap of $48.81 million, a PE ratio of 21.90 and a beta of 0.84. The business has a 50 day moving average price of $32.11 and a two-hundred day moving average price of $34.86. First Trust Dow Jones International Internet ETF has a 12-month low of $25.82 and a 12-month high of $39.97.

First Trust Dow Jones International Internet ETF Announces Dividend

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

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.