First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Down 74.7% in June

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 12,265 shares, a decline of 74.7% from the May 31st total of 48,544 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 18,637 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FDNI. NewEdge Advisors LLC increased its holdings in shares of 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 purchasing an additional 387,223 shares during the period. Raymond James Financial Inc. raised its position in shares of First Trust Dow Jones International Internet ETF by 5.1% in the third quarter. Raymond James Financial Inc. now owns 131,362 shares of the company’s stock valued at $5,090,000 after buying an additional 6,415 shares in the last quarter. Warner Group LLC boosted its stake in shares of First Trust Dow Jones International Internet ETF by 14.2% in the first quarter. Warner Group LLC now owns 129,958 shares of the company’s stock valued at $3,538,000 after buying an additional 16,111 shares during the period. OLD Mission Capital LLC boosted its stake in shares of First Trust Dow Jones International Internet ETF by 1,092.1% in the fourth 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, Jane Street Group LLC grew its position in First Trust Dow Jones International Internet ETF by 777.9% during the fourth quarter. Jane Street Group LLC now owns 82,281 shares of the company’s stock worth $2,791,000 after buying an additional 72,909 shares in the last quarter.

First Trust Dow Jones International Internet ETF Stock Performance

FDNI stock opened at $24.98 on Friday. First Trust Dow Jones International Internet ETF has a 52 week low of $23.99 and a 52 week high of $39.97. The company has a market capitalization of $36.22 million, a PE ratio of 21.90 and a beta of 0.89. The company’s 50-day simple moving average is $27.42 and its 200 day simple moving average is $29.91.

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.