Short Interest in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Expands By 1,000.0%

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 11 shares, a growth of 1,000.0% from the November 30th total of 1 shares. Based on an average trading volume of 144 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 144 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada purchased a new stake in First Trust S-Network E-Commerce ETF in the 1st quarter worth approximately $1,097,000. OLD Mission Capital LLC acquired a new stake in shares of First Trust S-Network E-Commerce ETF during the first quarter worth $605,000. Jane Street Group LLC purchased a new stake in shares of First Trust S-Network E-Commerce ETF in the second quarter valued at $539,000. Insight Advisors LLC PA purchased a new stake in shares of First Trust S-Network E-Commerce ETF in the second quarter valued at $253,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in First Trust S-Network E-Commerce ETF in the second quarter valued at $109,000.

First Trust S-Network E-Commerce ETF Stock Performance

First Trust S-Network E-Commerce ETF stock traded up $0.07 during midday trading on Thursday, reaching $39.20. 7 shares of the company were exchanged, compared to its average volume of 1,378. The firm’s 50-day simple moving average is $39.62 and its 200-day simple moving average is $40.25. 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 capitalization of $5.88 million, a price-to-earnings ratio of 19.19 and a beta of 1.03.

First Trust S-Network E-Commerce ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a dividend of $0.2937 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, December 12th.

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.