Short Interest in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Grows By 100.0%

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 18 shares, a growth of 100.0% from the January 29th total of 9 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,616 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 1,616 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of First Trust S-Network E-Commerce ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. acquired a new position in shares of First Trust S-Network E-Commerce ETF during the 2nd quarter worth approximately $109,000. Jane Street Group LLC boosted its position in First Trust S-Network E-Commerce ETF by 49.3% during the fourth quarter. Jane Street Group LLC now owns 32,419 shares of the company’s stock worth $1,269,000 after purchasing an additional 10,706 shares during the period. Finally, Royal Bank of Canada bought a new position in First Trust S-Network E-Commerce ETF during the first quarter worth $1,097,000.

First Trust S-Network E-Commerce ETF Stock Down 0.8%

Shares of NASDAQ:ISHP traded down $0.28 during midday trading on Friday, hitting $35.53. The stock had a trading volume of 8 shares, compared to its average volume of 521. First Trust S-Network E-Commerce ETF has a 12 month low of $31.39 and a 12 month high of $42.95. The business’s 50-day simple moving average is $38.37 and its 200-day simple moving average is $39.81. The company has a market cap of $5.33 million, a P/E ratio of 19.19 and a beta of 1.03.

First Trust S-Network E-Commerce ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.2937 per share. The ex-dividend date was Friday, December 12th. This represents a $1.17 annualized dividend and a dividend yield of 3.3%. This is a boost from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.04.

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.