Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Increases By 200.0%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 2,934 shares, a growth of 200.0% from the December 31st total of 978 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 9,981 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 9,981 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

First Trust Dow Jones International Internet ETF Trading Down 0.1%

Shares of FDNI stock opened at $34.47 on Thursday. First Trust Dow Jones International Internet ETF has a twelve month low of $25.82 and a twelve month high of $39.97. The stock has a market capitalization of $49.98 million, a price-to-earnings ratio of 21.90 and a beta of 0.84. The stock has a fifty day simple moving average of $34.44 and a two-hundred day simple moving average of $35.71.

First Trust Dow Jones International Internet ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.3784 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.51 dividend on an annualized basis and a yield of 4.4%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FDNI. Newbridge Financial Services Group Inc. bought a new stake in shares of First Trust Dow Jones International Internet ETF in the 2nd quarter valued at about $102,000. Fountainhead AM LLC bought a new position in shares of First Trust Dow Jones International Internet ETF during the third quarter valued at approximately $218,000. Signal Advisors Wealth LLC purchased a new position in First Trust Dow Jones International Internet ETF during the third quarter valued at approximately $243,000. Assetmark Inc. bought a new position in First Trust Dow Jones International Internet ETF in the second quarter worth approximately $526,000. Finally, Jane Street Group LLC bought a new position in First Trust Dow Jones International Internet ETF in the second quarter worth approximately $815,000.

First Trust Dow Jones International Internet ETF Company Profile

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.