Short Interest in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Drops By 26.3%

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 1,400 shares, a decrease of 26.3% from the February 28th total of 1,900 shares. Based on an average daily volume of 2,300 shares, the short-interest ratio is presently 0.6 days. Currently, 0.6% of the shares of the company are sold short.

First Trust S-Network E-Commerce ETF Price Performance

NASDAQ:ISHP opened at $36.23 on Friday. The company has a 50 day moving average price of $37.63 and a 200-day moving average price of $36.21. First Trust S-Network E-Commerce ETF has a 1-year low of $28.02 and a 1-year high of $39.84. The firm has a market cap of $5.43 million, a price-to-earnings ratio of 20.98 and a beta of 0.99.

Institutional Trading of 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 lifted its position in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,525 shares of the company’s stock after acquiring an additional 2,225 shares during the quarter. Jane Street Group LLC owned 19.68% of First Trust S-Network E-Commerce ETF worth $1,015,000 as of its most recent SEC filing.

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.