FDN Stock Summary and Trading Ideas (First Trust Dow Jones Internet | ARCA:FDN)

The First Trust Dow Jones Internet Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the Dow Jones Internet Composite Index.

First Trust Dow Jones Internet trades on the ARCA stock market under the symbol FDN.

As of April 18, 2024, FDN stock price declined to $196.79 with 204,928 million shares trading.

FDN has a beta of 1.41, meaning it tends to be more sensitive to market movements. FDN has a correlation of 0.74 to the broad based SPY ETF.

FDN has a market cap of $5.93 billion. This is considered a Mid Cap stock.

In the last 3 years, FDN stock traded as high as $252.86 and as low as $114.86.

FDN has outperformed the market in the last year with a return of +35.5%, while the SPY ETF gained +22.3%. However, in the most recent history, FDN shares have underperformed the stock market with its stock returning +6.0% in the last 3 month period and -4.0% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

FDN support price is $194.56 and resistance is $199.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FDN stock will trade within this expected range on the day.