Short Interest in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Declines By 21.4%

Posted by Jon Anderson on Dec 2nd, 2024

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP – Get Free Report) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 1,100 shares, a decline of 21.4% from the October 31st total of 1,400 shares. Based on an average trading volume of 400 shares, the short-interest ratio is presently 2.8 days.

First Trust S-Network E-Commerce ETF Stock Down 0.0 %

NASDAQ:ISHP traded down $0.01 during midday trading on Monday, hitting $37.33. The company had a trading volume of 2,697 shares, compared to its average volume of 360. The stock’s fifty day moving average price is $35.39 and its 200-day moving average price is $32.24. First Trust S-Network E-Commerce ETF has a 52-week low of $27.00 and a 52-week high of $37.34. The company has a market capitalization of $5.60 million, a PE ratio of 15.71 and a beta of 0.99.

First Trust S-Network E-Commerce ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.0272 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.11 dividend on an annualized basis and a yield of 0.29%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC increased its holdings in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP – Free Report) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,525 shares of the company’s stock after purchasing 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 Securities & Exchange Commission.

First Trust S-Network E-Commerce ETF Company Profile

(Get Free Report)

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.