First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Short Interest Down 24.6% in April


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First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 34,600 shares, a drop of 24.6% from the March 31st total of 45,900 shares. Based on an average daily volume of 37,900 shares, the days-to-cover ratio is currently 0.9 days.

NASDAQ:FDNI traded down $1.03 on Tuesday, reaching $44.66. 15,727 shares of the company’s stock were exchanged, compared to its average volume of 37,855. First Trust Dow Jones International Internet ETF has a 52 week low of $25.22 and a 52 week high of $57.26. The stock has a fifty day simple moving average of $46.27 and a 200-day simple moving average of $46.89.

Large investors have recently modified their holdings of the business. Great Valley Advisor Group Inc. bought a new position in First Trust Dow Jones International Internet ETF during the fourth quarter worth about $271,000. Sigma Planning Corp bought a new position in First Trust Dow Jones International Internet ETF during the fourth quarter worth about $291,000. First Heartland Consultants Inc. bought a new position in First Trust Dow Jones International Internet ETF during the fourth quarter worth about $297,000. PFG Advisors bought a new position in First Trust Dow Jones International Internet ETF during the fourth quarter worth about $339,000. Finally, Janney Montgomery Scott LLC boosted its position in First Trust Dow Jones International Internet ETF by 127.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,850 shares of the company’s stock worth $583,000 after purchasing an additional 7,200 shares during the period.

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