Short Interest in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Increases By 354.3%

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 111,300 shares, a growth of 354.3% from the February 28th total of 24,500 shares. Approximately 8.6% of the company’s shares are short sold. Based on an average daily volume of 15,900 shares, the short-interest ratio is currently 7.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC purchased a new stake in shares of First Trust Dow Jones International Internet ETF in the third quarter valued at $233,000. Jane Street Group LLC bought a new position in First Trust Dow Jones International Internet ETF during the 3rd quarter valued at about $634,000. Raymond James Financial Inc. purchased a new stake in First Trust Dow Jones International Internet ETF in the 4th quarter worth about $5,537,000. LPL Financial LLC lifted its stake in First Trust Dow Jones International Internet ETF by 6.4% in the fourth quarter. LPL Financial LLC now owns 94,790 shares of the company’s stock worth $2,587,000 after purchasing an additional 5,737 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. purchased a new position in shares of First Trust Dow Jones International Internet ETF during the fourth quarter valued at approximately $315,000.

First Trust Dow Jones International Internet ETF Stock Performance

Shares of First Trust Dow Jones International Internet ETF stock opened at $31.25 on Friday. The stock has a market cap of $40.62 million, a price-to-earnings ratio of 22.95 and a beta of 0.80. The stock has a 50 day moving average price of $31.28 and a 200-day moving average price of $29.15. First Trust Dow Jones International Internet ETF has a one year low of $21.81 and a one year high of $34.12.

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.