First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Short Interest Update

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 2 shares, a growth of 100.0% from the December 31st total of 1 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 138 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 138 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

First Trust S-Network E-Commerce ETF Trading Down 1.9%

ISHP traded down $0.74 during midday trading on Friday, hitting $38.71. 50 shares of the company traded hands, compared to its average volume of 172. The business has a 50 day simple moving average of $39.50 and a two-hundred day simple moving average of $40.34. First Trust S-Network E-Commerce ETF has a 52-week low of $31.39 and a 52-week high of $42.95. The company has a market capitalization of $5.81 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.2937 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.17 annualized dividend and a yield of 3.0%. This is a boost from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada acquired a new position in shares of First Trust S-Network E-Commerce ETF during the 1st quarter valued at about $1,097,000. Jane Street Group LLC purchased a new position in shares of First Trust S-Network E-Commerce ETF during the 2nd quarter worth approximately $539,000. Insight Advisors LLC PA acquired 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 2nd quarter valued at about $109,000.

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.