First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Shares Down 1.7%

Posted by Maria Luz-Campos on Aug 3rd, 2024

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Get Free Report)’s share price fell 1.7% during mid-day trading on Thursday . The company traded as low as $22.91 and last traded at $22.95. 12,559 shares traded hands during trading, an increase of 122% from the average session volume of 5,659 shares. The stock had previously closed at $23.34.

First Trust Dow Jones International Internet ETF Trading Down 2.0 %

The business’s 50-day simple moving average is $23.83 and its 200 day simple moving average is $23.18. The company has a market capitalization of $31.47 million, a P/E ratio of 25.42 and a beta of 0.80.

First Trust Dow Jones International Internet ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.0693 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Trading of First Trust Dow Jones International Internet ETF

A hedge fund recently raised its stake in First Trust Dow Jones International Internet ETF stock. Raymond James & Associates grew its holdings in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Free Report) by 48.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 231,543 shares of the company’s stock after buying an additional 75,931 shares during the quarter. Raymond James & Associates owned 19.30% of First Trust Dow Jones International Internet ETF worth $5,214,000 as of its most recent filing with the SEC.

First Trust Dow Jones International Internet ETF Company Profile

(Get Free Report)

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.