First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Short Interest Up 100.0% in January

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 2 shares, an increase of 100.0% from the December 31st total of 1 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 138 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 138 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

First Trust S-Network E-Commerce ETF Stock Performance

Shares of NASDAQ:ISHP traded down $0.74 during midday trading on Friday, reaching $38.71. 50 shares of the company’s stock traded hands, compared to its average volume of 172. The company has a fifty day simple moving average of $39.50 and a two-hundred day simple moving average of $40.34. First Trust S-Network E-Commerce ETF has a 1 year low of $31.39 and a 1 year high of $42.95. The company has a market cap of $5.81 million, a P/E ratio of 19.19 and a beta of 1.03.

First Trust S-Network E-Commerce ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.2937 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.0%. This is a positive change from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust S-Network E-Commerce ETF

Several large investors have recently added to or reduced their stakes in ISHP. Royal Bank of Canada purchased a new stake in shares of First Trust S-Network E-Commerce ETF in the 1st quarter valued at $1,097,000. Insight Advisors LLC PA purchased a new stake in shares of First Trust S-Network E-Commerce ETF during the 2nd quarter worth $253,000. Jane Street Group LLC purchased a new position in shares of First Trust S-Network E-Commerce ETF in the 2nd quarter valued at about $539,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in First Trust S-Network E-Commerce ETF in the second quarter valued at approximately $109,000.

About First Trust S-Network E-Commerce ETF

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.