Significant Inflow Seen in First Trust Dow Jones Internet Index Fund

Examining the latest week-over-week changes in shares outstanding among ETFs reported by ETF Channel, the First Trust Dow Jones Internet Index Fund (Symbol: FDN) stands out with an impressive inflow of approximately $308.0 million. This inflow translates to a 4.9% weekly increase in outstanding units, rising from 27,450,002 to 28,800,002.

Top Holdings Show Mixed Performance

Among the major components of FDN, Arista Networks Inc (Symbol: ANET) saw an increase of about 0.3%, while PayPal Holdings Inc (Symbol: PYPL) remained flat. DoorDash Inc (Symbol: DASH), on the other hand, experienced a decline of roughly 2.7%. For a detailed view of FDN’s complete holdings, visit the FDN Holdings page.

Price Performance and Moving Averages

The accompanying chart illustrates FDN’s price performance over the past year in relation to its 200-day moving average:

From the chart, it’s clear that FDN’s 52-week low is $177.20 per share, with the high reaching $267.81. The most recent trade price stands at $225.10, indicating the stock’s current position relative to these benchmarks. Analyzing this price in relation to the 200-day moving average can offer valuable insights into market trends.

Understanding ETF Dynamics

Exchange-traded funds (ETFs) operate similarly to stocks; however, investors trade ”units” rather than ”shares.” These units can be exchanged like stocks, but they can also be created or destroyed to meet investor demand. Each week, we track changes in shares outstanding to identify ETFs that are experiencing noteworthy inflows (indicating new units created) or outflows (indicating old units destroyed). The creation of new units necessitates purchasing the underlying holdings of the ETF, while the destruction of units requires selling those holdings. Thus, significant flows can influence the individual components held within these ETFs.

Click here to explore which 9 other ETFs have seen significant inflows.

Also see:

• Broadcom shares outstanding history
• CRS Options Chain
• MYGN Price Target

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.