First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Get Rating) was the target of a significant drop in short interest in the month of December. As of December 30th, there was short interest totalling 4,700 shares, a drop of 95.7% from the December 15th total of 108,700 shares. Based on an average daily trading volume, of 8,300 shares, the short-interest ratio is currently 0.6 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG boosted its holdings in First Trust Dow Jones International Internet ETF by 638.1% in the third quarter. UBS Group AG now owns 1,336 shares of the company's stock valued at $26,000 after purchasing an additional 1,155 shares during the period. Activest Wealth Management purchased a new position in First Trust Dow Jones International Internet ETF in the second quarter valued at $75,000. Strategic Wealth Advisors Group LLC purchased a new position in First Trust Dow Jones International Internet ETF in the third quarter valued at $202,000. Flow Traders U.S. LLC boosted its holdings in First Trust Dow Jones International Internet ETF by 26.2% in the first quarter. Flow Traders U.S. LLC now owns 15,984 shares of the company's stock valued at $421,000 after purchasing an additional 3,315 shares during the period. Finally, Integrated Advisors Network LLC boosted its holdings in First Trust Dow Jones International Internet ETF by 24.2% in the second quarter. Integrated Advisors Network LLC now owns 19,902 shares of the company's stock valued at $473,000 after purchasing an additional 3,882 shares during the period.
Get First Trust Dow Jones International Internet ETF alerts:First Trust Dow Jones International Internet ETF Trading Down 0.3 %
Shares of FDNI traded down $0.08 during midday trading on Thursday, hitting $24.48. 4,428 shares of the stock were exchanged, compared to its average volume of 4,466. First Trust Dow Jones International Internet ETF has a 52-week low of $15.95 and a 52-week high of $35.34. The stock has a fifty day simple moving average of $22.22 and a 200 day simple moving average of $21.69.
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