First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Down 44.4% in April

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 21,855 shares, a decrease of 44.4% from the April 15th total of 39,337 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average trading volume of 17,381 shares, the short-interest ratio is currently 1.3 days.

First Trust Dow Jones International Internet ETF Price Performance

NASDAQ:FDNI traded down $0.49 on Friday, reaching $27.11. The stock had a trading volume of 2,180 shares, compared to its average volume of 15,361. The company has a market cap of $39.31 million, a price-to-earnings ratio of 21.90 and a beta of 0.91. The firm’s fifty day moving average is $28.02 and its two-hundred day moving average is $31.76. First Trust Dow Jones International Internet ETF has a 12-month low of $25.95 and a 12-month high of $39.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sankala Group LLC purchased a new position in shares of First Trust Dow Jones International Internet ETF during the 4th quarter worth about $30,000. Wells Fargo & Company MN acquired a new position in First Trust Dow Jones International Internet ETF during the fourth quarter worth approximately $57,000. ICONIQ Capital LLC acquired a new position in First Trust Dow Jones International Internet ETF during the fourth quarter worth approximately $79,000. Jane Street Group LLC acquired a new position in First Trust Dow Jones International Internet ETF during the second quarter worth approximately $815,000. Finally, Millennium Management LLC acquired a new position in First Trust Dow Jones International Internet ETF during the fourth quarter worth approximately $1,116,000.

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.