First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Update

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 29,400 shares, an increase of 434.5% from the June 15th total of 5,500 shares. Based on an average trading volume of 4,900 shares, the short-interest ratio is presently 6.0 days.

First Trust Dow Jones International Internet ETF Stock Performance

Shares of NASDAQ:FDNI traded up $0.23 during midday trading on Thursday, hitting $24.23. 508 shares of the company’s stock traded hands, compared to its average volume of 4,083. The firm’s fifty day moving average price is $24.29 and its two-hundred day moving average price is $23.02. First Trust Dow Jones International Internet ETF has a twelve month low of $19.11 and a twelve month high of $25.66. The company has a market cap of $27.86 million, a PE ratio of 25.42 and a beta of 0.80.

First Trust Dow Jones International Internet ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.0693 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Thursday, June 27th.

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

A number of large investors have recently modified their holdings of the stock. Raymond James & Associates boosted its position 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. Integrated Advisors Network LLC boosted its holdings in First Trust Dow Jones International Internet ETF by 2.5% in the fourth quarter. Integrated Advisors Network LLC now owns 26,079 shares of the company’s stock valued at $587,000 after purchasing an additional 632 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in First Trust Dow Jones International Internet ETF during the 4th quarter valued at approximately $364,000.

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.