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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the target of a large increase in short interest in 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 trading volume, of 700 shares, the days-to-cover ratio is currently 0.9 days.

First Trust S-Network E-Commerce ETF Trading Down 0.9 %

NASDAQ:ISHP traded down $0.34 during trading hours on Friday, hitting $37.82. The stock had a trading volume of 26,809 shares, compared to its average volume of 1,518. The company has a market cap of $5.67 million, a PE ratio of 22.90 and a beta of 0.99. The business has a 50 day simple moving average of $37.03 and a two-hundred day simple moving average of $35.31. 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 Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.1913 per share. The ex-dividend date of this dividend was Friday, December 13th.

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 lifted its holdings in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 filing with the SEC.

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.