First Trust Dow Jones International Internet ETF (FDNI) Short Interest Ratio & Short Volume

Short interest is the volume of First Trust Dow Jones International Internet ETF shares that have been sold short but have not yet been closed out or covered. As of November 15th, traders have sold 40,100 shares of FDNI short. Learn More on First Trust Dow Jones International Internet ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. FDNI shares currently have a short interest ratio of 6.0. Learn More on First Trust Dow Jones International Internet ETF's short interest ratio.

First Trust Dow Jones International Internet ETF saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 40,100 shares, a drop of 34.9% from the previous total of 61,600 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to First Trust Dow Jones International Internet ETF: Democratic Large Cap Core ETF (1.10%), Global X Blockchain & Bitcoin Strategy ETF (4.05%), Roundhill GLP-1 & Weight Loss ETF (4.15%), Procure Space ETF (4.43%), Global X Telemedicine & Digital Health ETF (0.05%), Guru Favorite Stocks ETF (0.24%), Global X Clean Tech ETF (0.12%), Tema Oncology ETF (0.05%), Sprott Energy Transition Materials ETF (5.29%), Carbon Collective Climate Solutions U.S. Equity ETF (0.60%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($4.85 billion), Charter Communications, Inc. ($4.81 billion), International Paper ($2.96 billion), Cencora, Inc. ($2.40 billion), Paychex, Inc. ($2.38 billion), Lululemon Athletica Inc. ($2.05 billion), SoFi Technologies, Inc. ($2.03 billion), Live Nation Entertainment, Inc. ($1.93 billion), Onsemi ($1.82 billion), and Tractor Supply ($1.65 billion). View all of the most shorted stocks.

Short selling FDNI is an investing strategy that aims to generate trading profit from First Trust Dow Jones International Internet ETF as its price is falling. FDNI shares are trading up $0.04 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust Dow Jones International Internet ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of FDNI, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including FDNI, twice per month. The most recent reporting period available is November, 15 2024.