First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Up 200.0% in January

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 2,934 shares, a growth of 200.0% from the December 31st total of 978 shares. Based on an average trading volume of 9,981 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 9,981 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Dow Jones International Internet ETF Trading Down 3.4%

Shares of NASDAQ:FDNI opened at $33.17 on Friday. First Trust Dow Jones International Internet ETF has a 52 week low of $25.82 and a 52 week high of $39.97. The company’s 50 day moving average is $34.44 and its two-hundred day moving average is $35.70. The company has a market cap of $54.73 million, a PE ratio of 21.90 and a beta of 0.84.

First Trust Dow Jones International Internet ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.3784 dividend. This represents a $1.51 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. purchased a new position in shares of First Trust Dow Jones International Internet ETF in the 2nd quarter valued at about $102,000. Fountainhead AM LLC purchased a new stake in First Trust Dow Jones International Internet ETF during the third quarter worth approximately $218,000. Signal Advisors Wealth LLC acquired a new position in First Trust Dow Jones International Internet ETF in the third quarter valued at approximately $243,000. Assetmark Inc. purchased a new position in First Trust Dow Jones International Internet ETF in the second quarter valued at approximately $526,000. Finally, Jane Street Group LLC acquired a new stake in First Trust Dow Jones International Internet ETF during the second quarter worth approximately $815,000.

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.