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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the recipient of a significant increase in short interest during 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 daily volume of 700 shares, the short-interest ratio is presently 0.9 days.

First Trust S-Network E-Commerce ETF Price Performance

NASDAQ ISHP opened at $37.92 on Friday. The company has a market capitalization of $5.69 million, a PE ratio of 22.90 and a beta of 0.99. The company has a fifty day moving average of $37.00 and a 200 day moving average of $35.26. 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 business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.1913 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On First Trust S-Network E-Commerce ETF

An institutional investor recently raised its position in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC grew its position 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 SEC. 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 about 28.66% of First Trust S-Network E-Commerce ETF worth $1,518,000 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.