FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) Sees Large Decrease in Short Interest

FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 3,752 shares, a decrease of 43.4% from the May 31st total of 6,626 shares. Based on an average trading volume of 6,828 shares, the short-interest ratio is presently 0.5 days. Approximately 1.3% of the shares of the stock are short sold.

FT Vest Dow Jones Internet & Target Income ETF Price Performance

FT Vest Dow Jones Internet & Target Income ETF stock opened at $20.91 on Wednesday. The firm has a market capitalization of $6.27 million, a P/E ratio of 33.97 and a beta of 1.44. The stock has a fifty day moving average price of $21.45 and a two-hundred day moving average price of $21.18. FT Vest Dow Jones Internet & Target Income ETF has a 52-week low of $18.76 and a 52-week high of $24.79.

Institutional Investors Weigh In On FT Vest Dow Jones Internet & Target Income ETF

A number of hedge funds have recently made changes to their positions in FDND. Triumph Capital Management bought a new position in FT Vest Dow Jones Internet & Target Income ETF during the 3rd quarter valued at about $56,000. Independent Financial Group LLC acquired a new stake in shares of FT Vest Dow Jones Internet & Target Income ETF during the first quarter worth approximately $383,000. Jane Street Group LLC acquired a new stake in shares of FT Vest Dow Jones Internet & Target Income ETF during the fourth quarter worth approximately $515,000. Finally, Osaic Holdings Inc. raised its stake in shares of FT Vest Dow Jones Internet & Target Income ETF by 12.4% in the fourth quarter. Osaic Holdings Inc. now owns 45,074 shares of the company’s stock valued at $1,015,000 after acquiring an additional 4,967 shares during the last quarter.

FT Vest Dow Jones Internet & Target Income ETF Company Profile

The FT Vest Dow Jones Internet & Target Income ETF (FDND) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks a target level of current income and capital appreciation by holding a portfolio of US internet stocks, while utilizing a naked call writing strategy on the Nasdaq-100 Index or related ETF. FDND was launched on Mar 20, 2024 and is issued by First Trust.