Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Increases By 243.8%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 5,500 shares, a growth of 243.8% from the May 31st total of 1,600 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 1.1 days.

First Trust Dow Jones International Internet ETF Trading Down 0.3 %

Shares of FDNI stock traded down $0.08 during trading hours on Friday, hitting $23.32. 600 shares of the company were exchanged, compared to its average volume of 4,232. The company has a market capitalization of $26.82 million, a PE ratio of 25.42 and a beta of 0.80. First Trust Dow Jones International Internet ETF has a 52 week low of $19.11 and a 52 week high of $25.66. The business has a 50 day moving average of $24.22 and a two-hundred day moving average of $22.95.

First Trust Dow Jones International Internet ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.0693 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Thursday, June 27th.

Institutional Trading of First Trust Dow Jones International Internet ETF

A number of institutional investors have recently modified their holdings of the company. Integrated Advisors Network LLC grew its stake in shares of First Trust Dow Jones International Internet ETF by 2.5% during the 4th quarter. Integrated Advisors Network LLC now owns 26,079 shares of the company’s stock worth $587,000 after acquiring an additional 632 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in First Trust Dow Jones International Internet ETF in the fourth quarter valued at $364,000. Finally, Raymond James & Associates increased its stake in First Trust Dow Jones International Internet ETF by 48.8% in the 4th quarter. Raymond James & Associates now owns 231,543 shares of the company’s stock valued at $5,214,000 after buying an additional 75,931 shares during the last 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.