(FDNI) First Trust Dow Jones - Ratings and Ratios

The First Trust Dow Jones International Internet ETF (FDNI) is an investment vehicle that focuses on capturing the performance of non-U.S. companies with a primary business focus on internet-related activities. By investing at least 90% of its net assets in the constituent stocks and depositary receipts of its tracking index, FDNI provides a targeted exposure to the global internet sector, excluding U.S. issuers.

The underlying index, developed and maintained by S&P Dow Jones Indices LLC, is a critical component of FDNIs strategy, aiming to measure the performance of international internet companies. This ETF is categorized under Diversified Emerging Markets, reflecting its investment scope, although its worth noting that its actual holdings may span various regions and countries beyond just emerging markets.

From a technical analysis perspective, FDNIs recent price action indicates a bullish trend, with its last price of $32.87 exceeding both its 20-day and 50-day Simple Moving Averages (SMA20 and SMA50) of $31.46 and $30.85, respectively. The ETFs price is also significantly above its 200-day SMA of $28.59, suggesting a strong uptrend. The Average True Range (ATR) of 0.89, representing a 2.72% daily volatility, indicates moderate daily price movements.

Considering the fundamental aspect, the Assets Under Management (AUM) of $42.48 million indicates a relatively small but still viable ETF. The non-diversified nature of FDNI means it may be more susceptible to volatility associated with its constituent stocks, as it doesnt spread its investments as broadly as diversified funds.

Forecasting FDNIs future performance involves analyzing both its technical and fundamental data. Given its current uptrend and the fact that its still below its 52-week high of $33.52, theres potential for further growth if the internet sector continues to perform well globally. However, the relatively small AUM and non-diversified nature are factors to consider for potential investors. A break above the 52-week high could signal further upside, while a drop below the SMA50 might indicate a reversal in the uptrend. As of now, the trend appears bullish, but investors should monitor the ETFs ability to sustain its current levels and break through resistance points.