First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Shares Shorted: Short Interest Down 62.7% in September

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 166,086 shares, a drop of 62.7% from the September 15th total of 445,604 shares. Based on an average daily volume of 192,910 shares, the short-interest ratio is currently 0.9 days. Approximately 0.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Tempus Wealth Planning LLC grew its holdings in First Trust Dow Jones Internet Index Fund by 5.0% during the 3rd quarter. Tempus Wealth Planning LLC now owns 996 shares of the company’s stock worth $287,000 after acquiring an additional 47 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in First Trust Dow Jones Internet Index Fund in the 3rd quarter valued at about $1,552,000. Forvis Mazars Wealth Advisors LLC increased its position in First Trust Dow Jones Internet Index Fund by 15.0% in the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 2,029 shares of the company’s stock valued at $585,000 after acquiring an additional 265 shares in the last quarter. HF Advisory Group LLC increased its position in First Trust Dow Jones Internet Index Fund by 2.5% in the 3rd quarter. HF Advisory Group LLC now owns 2,615 shares of the company’s stock valued at $754,000 after acquiring an additional 65 shares in the last quarter. Finally, First Heartland Consultants Inc. bought a new position in shares of First Trust Dow Jones Internet Index Fund in the third quarter worth about $380,000. 70.10% of the stock is owned by institutional investors.

First Trust Dow Jones Internet Index Fund Stock Performance

First Trust Dow Jones Internet Index Fund stock traded down $8.42 on Wednesday, reaching $291.00. The company’s stock had a trading volume of 122,389 shares, compared to its average volume of 437,378. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 32.59 and a beta of 1.23. The business’s fifty day moving average price is $290.63 and its 200 day moving average price is $273.50. First Trust Dow Jones Internet Index Fund has a twelve month low of $224.46 and a twelve month high of $302.79.

First Trust Dow Jones Internet Index Fund Company Profile

First Trust Dow Jones Internet Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Internet Composite Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index represents companies that generate the majority of their revenues via the Internet. The Index aims to represent 80% of the float-adjusted Internet equity universe. The Index contains two sub-indexes, the Dow Jones Internet Commerce Index and the Dow Jones Internet Services Index.