First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Sees Large Decline in Short Interest

Posted by Irma Garcia on Dec 15th, 2024

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Get Free Report) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 34,900 shares, a drop of 13.0% from the November 15th total of 40,100 shares. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is presently 5.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in First Trust Dow Jones International Internet ETF stock. Flow Traders U.S. LLC bought a new position in shares of First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 8,130 shares of the company’s stock, valued at approximately $233,000. Flow Traders U.S. LLC owned 0.58% of First Trust Dow Jones International Internet ETF at the end of the most recent quarter.

First Trust Dow Jones International Internet ETF Trading Down 0.7 %

Shares of FDNI stock opened at $28.95 on Friday. The firm has a market capitalization of $40.53 million, a price-to-earnings ratio of 25.42 and a beta of 0.80. The firm’s 50 day moving average is $28.79 and its 200-day moving average is $25.97. First Trust Dow Jones International Internet ETF has a 1 year low of $20.58 and a 1 year high of $31.34.

First Trust Dow Jones International Internet ETF Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.222 per share. The ex-dividend date of this dividend is Friday, December 13th.

About First Trust Dow Jones International Internet ETF

(Get Free Report)

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.