First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Shares Break Above 50 Day Moving Average – Here’s Why

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) shares crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $26.30 and traded as high as $26.40. First Trust Dow Jones International Internet ETF shares last traded at $26.4090, with a volume of 2,021 shares changing hands.

First Trust Dow Jones International Internet ETF Trading Up 0.7%

The business has a fifty day simple moving average of $26.26 and a 200 day simple moving average of $27.82. The stock has a market capitalization of $30.54 million, a P/E ratio of 21.90 and a beta of 0.88.

Hedge Funds Weigh In On First Trust Dow Jones International Internet ETF

A hedge fund recently raised its stake in First Trust Dow Jones International Internet ETF stock. Citadel Advisors LLC grew its stake in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) by 17.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,412 shares of the company’s stock after acquiring an additional 6,358 shares during the quarter. Citadel Advisors LLC owned 3.86% of First Trust Dow Jones International Internet ETF worth $1,079,000 at the end of the most recent 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.