First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Short Interest Up 216.7% in February

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 1,900 shares, an increase of 216.7% from the February 13th total of 600 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.3% of the company’s shares are short sold.

First Trust S-Network E-Commerce ETF Stock Performance

ISHP traded up $0.82 during trading on Friday, hitting $36.82. 492 shares of the stock were exchanged, compared to its average volume of 2,245. 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 $5.52 million, a price-to-earnings ratio of 21.69 and a beta of 0.99. The firm has a 50 day simple moving average of $37.27 and a 200 day simple moving average of $35.72.

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 boosted its holdings 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 and Exchange Commission (SEC). The institutional investor owned 29,525 shares of the company’s stock after acquiring an additional 2,225 shares during the period. Jane Street Group LLC owned about 19.68% of First Trust S-Network E-Commerce ETF worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission (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.