Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Increases By 354.3%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 111,300 shares, a growth of 354.3% from the February 28th total of 24,500 shares. Based on an average daily trading volume, of 15,900 shares, the short-interest ratio is currently 7.0 days. Approximately 8.6% of the shares of the company are sold short.

Institutional Trading of First Trust Dow Jones International Internet ETF

Several institutional investors have recently modified their holdings of FDNI. LPL Financial LLC lifted its stake in First Trust Dow Jones International Internet ETF by 6.4% during the fourth quarter. LPL Financial LLC now owns 94,790 shares of the company’s stock valued at $2,587,000 after buying an additional 5,737 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of First Trust Dow Jones International Internet ETF during the third quarter worth approximately $233,000. Financial Engines Advisors L.L.C. purchased a new position in First Trust Dow Jones International Internet ETF during the fourth quarter valued at approximately $315,000. Wealth Enhancement Advisory Services LLC acquired a new position in First Trust Dow Jones International Internet ETF in the 4th quarter valued at approximately $416,000. Finally, Jane Street Group LLC purchased a new stake in First Trust Dow Jones International Internet ETF in the 3rd quarter worth approximately $634,000.

First Trust Dow Jones International Internet ETF Stock Performance

Shares of NASDAQ:FDNI traded down $1.03 during trading hours on Friday, hitting $31.25. The stock had a trading volume of 23,074 shares, compared to its average volume of 8,938. First Trust Dow Jones International Internet ETF has a 1-year low of $21.81 and a 1-year high of $34.12. The firm has a market capitalization of $40.62 million, a price-to-earnings ratio of 22.95 and a beta of 0.80. The stock’s fifty day simple moving average is $31.20 and its 200 day simple moving average is $29.09.

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.