FDN is trading 1.6% higher at $283.31 as strength in large-cap internet and AI-exposed technology names drives the ETF toward new highs.
- The move is supported by upbeat risk sentiment and record U.S. equity indices, with the fund modestly outperforming the broader NASDAQ Composite.
- Recent blowout earnings from AI infrastructure players like Dell Technologies and NetApp are reinforcing bullishness toward cloud and data-related plays.
- The ETF has maintained a steady uptrend over the past week, recording multiple consecutive positive closes amid broad optimism in the tech sector.