First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Short Interest Up 500.0% in February

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

First Trust S-Network E-Commerce ETF Stock Down 1.3 %

Shares of ISHP stock traded down $0.48 during mid-day trading on Thursday, hitting $37.92. 39 shares of the company’s stock were exchanged, compared to its average volume of 851. The stock has a market cap of $5.69 million, a price-to-earnings ratio of 22.90 and a beta of 0.99. First Trust S-Network E-Commerce ETF has a fifty-two week low of $28.02 and a fifty-two week high of $39.84. The stock has a 50-day simple moving average of $36.95 and a two-hundred day simple moving average of $35.24.

First Trust S-Network E-Commerce ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.1913 dividend. The ex-dividend date 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 position in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. 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 approximately 19.68% of First Trust S-Network E-Commerce ETF worth $1,015,000 as of its most recent filing with the SEC.

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.