Short Interest in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Expands By 216.7%

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,900 shares, an increase of 216.7% from the February 13th total of 600 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 1,800 shares, the short-interest ratio is presently 1.1 days.

First Trust S-Network E-Commerce ETF Stock Up 2.3 %

Shares of ISHP stock opened at $36.82 on Friday. The stock has a market cap of $5.52 million, a P/E ratio of 21.69 and a beta of 0.99. The company’s fifty day simple moving average is $37.30 and its two-hundred day simple moving average is $35.76. First Trust S-Network E-Commerce ETF has a 52 week low of $28.02 and a 52 week high of $39.84.

Hedge Funds 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 increased its holdings in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,525 shares of the company’s stock after purchasing an additional 2,225 shares during the period. Jane Street Group LLC owned approximately 19.68% of First Trust S-Network E-Commerce ETF worth $1,015,000 at the end of the most recent quarter.

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.