First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Jumps 2.4% – Should You Buy?

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI)’s stock price shot up 2.4% during mid-day trading on Monday. The company traded as high as $26.10 and last traded at $26.0850. Approximately 615 shares traded hands during trading, a decline of 97% from the average session volume of 18,047 shares. The stock had previously closed at $25.47.

First Trust Dow Jones International Internet ETF Stock Performance

The company has a market capitalization of $32.61 million, a PE ratio of 21.90 and a beta of 0.89. The company’s fifty day moving average is $27.43 and its 200-day moving average is $27.28.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Sankala Group LLC purchased a new stake in First Trust Dow Jones International Internet ETF in the 4th quarter worth $30,000. Citadel Advisors LLC grew its position in shares of First Trust Dow Jones International Internet ETF by 17.6% during the second quarter. Citadel Advisors LLC now owns 42,412 shares of the company’s stock worth $1,079,000 after purchasing an additional 6,358 shares in the last quarter. Warner Group LLC grew its position in shares of First Trust Dow Jones International Internet ETF by 14.2% during the first quarter. Warner Group LLC now owns 129,958 shares of the company’s stock worth $3,538,000 after purchasing an additional 16,111 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in First Trust Dow Jones International Internet ETF by 133.5% during the 1st quarter. NewEdge Advisors LLC now owns 677,183 shares of the company’s stock valued at $18,436,000 after purchasing an additional 387,223 shares during the period.

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.