First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Trading Up 0.5% – Time to Buy?

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI)’s stock price was up 0.5% during trading on Monday . The company traded as high as $27.22 and last traded at $26.92. Approximately 2,572 shares traded hands during trading, a decline of 84% from the average daily volume of 15,778 shares. The stock had previously closed at $26.78.

First Trust Dow Jones International Internet ETF Price Performance

The firm has a market capitalization of $39.03 million, a P/E ratio of 21.90 and a beta of 0.89. The business’s 50-day moving average is $27.77 and its 200 day moving average is $30.70.

Hedge Funds Weigh In On First Trust Dow Jones International Internet ETF

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC increased its position in First Trust Dow Jones International Internet ETF by 133.5% during the first quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock worth $18,436,000 after acquiring an additional 387,223 shares during the period. Warner Group LLC increased its position in First Trust Dow Jones International Internet ETF by 14.2% during the first quarter. Warner Group LLC now owns 129,958 shares of the company’s stock worth $3,538,000 after acquiring an additional 16,111 shares during the period. Sankala Group LLC bought a new position in First Trust Dow Jones International Internet ETF in the 4th quarter valued at about $30,000. OLD Mission Capital LLC increased its holdings in First Trust Dow Jones International Internet ETF by 1,092.1% in the 4th quarter. OLD Mission Capital LLC now owns 85,115 shares of the company’s stock valued at $2,887,000 after buying an additional 77,975 shares during the period. Finally, Millennium Management LLC bought a new position in First Trust Dow Jones International Internet ETF in the 4th quarter valued at about $1,116,000.

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.