First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Get Rating) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 2,600 shares, an increase of 36.8% from the May 31st total of 1,900 shares. Based on an average daily volume of 11,600 shares, the short-interest ratio is currently 0.2 days.
Shares of FDNI stock opened at $23.88 on Friday. The business’s fifty day moving average is $22.62 and its 200 day moving average is $27.35. First Trust Dow Jones International Internet ETF has a twelve month low of $19.55 and a twelve month high of $46.49.
A number of hedge funds have recently modified their holdings of the stock. Mmbg Investment Advisors CO. bought a new stake in First Trust Dow Jones International Internet ETF in the fourth quarter worth $1,052,000. Citadel Advisors LLC bought a new position in shares of First Trust Dow Jones International Internet ETF during the third quarter valued at $3,127,000. Jane Street Group LLC bought a new position in shares of First Trust Dow Jones International Internet ETF during the third quarter valued at $4,365,000. Royal Bank of Canada lifted its holdings in First Trust Dow Jones International Internet ETF by 282.3% in the third quarter. Royal Bank of Canada now owns 57,282 shares of the company’s stock valued at $2,298,000 after acquiring an additional 42,300 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in First Trust Dow Jones International Internet ETF by 1.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 59,241 shares of the company’s stock worth $2,135,000 after buying an additional 705 shares in the last quarter.
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Read More: First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Up 36.8% in