FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) Sees Significant Decline in Short Interest

FT Vest Dow Jones Internet & Target Income ETF (BATS:FDND) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 3,752 shares, a decline of 43.4% from the May 31st total of 6,626 shares. Based on an average daily volume of 6,828 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.3% of the company’s shares are short sold.

FT Vest Dow Jones Internet & Target Income ETF Trading Up 0.1%

Shares of BATS FDND opened at $20.91 on Wednesday. The firm has a market capitalization of $6.27 million, a PE ratio of 33.97 and a beta of 1.44. FT Vest Dow Jones Internet & Target Income ETF has a 1 year low of $18.76 and a 1 year high of $24.79. The firm’s 50-day moving average is $21.45 and its 200-day moving average is $21.18.

Hedge Funds Weigh In On FT Vest Dow Jones Internet & Target Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. grew its holdings in FT Vest Dow Jones Internet & Target Income ETF by 12.4% during the 4th quarter. Osaic Holdings Inc. now owns 45,074 shares of the company’s stock worth $1,015,000 after acquiring an additional 4,967 shares during the period. Jane Street Group LLC bought a new stake in shares of FT Vest Dow Jones Internet & Target Income ETF during the 4th quarter valued at $515,000. Triumph Capital Management acquired a new position in shares of FT Vest Dow Jones Internet & Target Income ETF in the 3rd quarter valued at $56,000. Finally, Independent Financial Group LLC acquired a new position in shares of FT Vest Dow Jones Internet & Target Income ETF in the 1st quarter valued at $383,000.

FT Vest Dow Jones Internet & Target Income ETF Company Profile

The FT Vest Dow Jones Internet & Target Income ETF (FDND) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks a target level of current income and capital appreciation by holding a portfolio of US internet stocks, while utilizing a naked call writing strategy on the Nasdaq-100 Index or related ETF. FDND was launched on Mar 20, 2024 and is issued by First Trust.