First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Sees Large Growth in Short Interest

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 600 shares, an increase of 500.0% from the January 31st total of 100 shares. Based on an average trading volume of 700 shares, the short-interest ratio is presently 0.9 days.

First Trust S-Network E-Commerce ETF Price Performance

ISHP opened at $37.92 on Friday. The company has a 50 day simple moving average of $37.00 and a two-hundred day simple moving average of $35.26. The firm has a market cap of $5.69 million, a P/E ratio of 22.90 and a beta of 0.99. First Trust S-Network E-Commerce ETF has a 1-year low of $28.02 and a 1-year high of $39.84.

First Trust S-Network E-Commerce ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.1913 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Investors Weigh In On First Trust S-Network E-Commerce ETF

A hedge fund recently raised its stake in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC lifted its holdings in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 45.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,991 shares of the company’s stock after acquiring an additional 13,466 shares during the period. Jane Street Group LLC owned 28.66% of First Trust S-Network E-Commerce ETF worth $1,518,000 at the end of the most recent reporting period.

First Trust S-Network E-Commerce ETF Company Profile

The First Trust Nasdaq Retail ETF (ISHP) is an exchange-traded fund that is based on the S-Network Global E-Commerce index. The fund tracks an index that provides exposure to the global e-commerce industry. Securities are selected by market-cap and weighted equally. ISHP was launched on Sep 20, 2016 and is managed by First Trust.