First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

by · The Markets Daily

First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Get Free Report)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $26.30 and traded as high as $26.40. First Trust Dow Jones International Internet ETF shares last traded at $26.4090, with a volume of 2,021 shares.

First Trust Dow Jones International Internet ETF Price Performance

The company has a 50 day moving average price of $26.30 and a two-hundred day moving average price of $27.85. The stock has a market cap of $30.37 million, a PE ratio of 21.90 and a beta of 0.88.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Dow Jones International Internet ETF stock. NewEdge Advisors LLC increased its position in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI – Free Report) by 133.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 677,183 shares of the company’s stock after acquiring an additional 387,223 shares during the quarter. NewEdge Advisors LLC owned about 46.70% of First Trust Dow Jones International Internet ETF worth $18,436,000 at the end of the most recent quarter.

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.

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