First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Short Interest Update

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 237,797 shares, a decrease of 48.6% from the April 15th total of 463,001 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 570,044 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On First Trust Dow Jones Internet Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its holdings in First Trust Dow Jones Internet Index Fund by 92.0% during the third quarter. Hantz Financial Services Inc. now owns 96 shares of the company’s stock worth $27,000 after acquiring an additional 46 shares during the period. SHP Wealth Management acquired a new stake in First Trust Dow Jones Internet Index Fund in the 4th quarter valued at about $27,000. Curio Wealth LLC bought a new position in shares of First Trust Dow Jones Internet Index Fund during the 4th quarter valued at about $28,000. Hyposwiss Advisors SA bought a new position in shares of First Trust Dow Jones Internet Index Fund during the 4th quarter valued at about $32,000. Finally, Park National Corp OH acquired a new position in shares of First Trust Dow Jones Internet Index Fund in the 1st quarter worth approximately $28,000. 70.10% of the stock is owned by institutional investors.

First Trust Dow Jones Internet Index Fund Price Performance

Shares of First Trust Dow Jones Internet Index Fund stock traded down $0.11 on Friday, hitting $268.17. The company had a trading volume of 1,157,454 shares, compared to its average volume of 609,497. First Trust Dow Jones Internet Index Fund has a 52 week low of $224.46 and a 52 week high of $287.81. The company has a market cap of $5.35 billion, a PE ratio of 32.59 and a beta of 1.21. The business has a 50-day simple moving average of $250.85 and a 200-day simple moving average of $258.70.

About First Trust Dow Jones Internet Index Fund

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.