First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Short Interest Down 75.0% in April

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 1 shares, a drop of 75.0% from the April 15th total of 4 shares. Based on an average daily trading volume, of 99 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC grew its holdings in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 49.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,419 shares of the company’s stock after purchasing an additional 10,706 shares during the period. Jane Street Group LLC owned approximately 21.61% of First Trust S-Network E-Commerce ETF worth $1,269,000 at the end of the most recent quarter.

First Trust S-Network E-Commerce ETF Price Performance

NASDAQ ISHP traded up $0.39 during mid-day trading on Wednesday, reaching $34.67. 7 shares of the stock were exchanged, compared to its average volume of 368. First Trust S-Network E-Commerce ETF has a one year low of $32.05 and a one year high of $42.95. The stock has a 50 day simple moving average of $34.34 and a 200-day simple moving average of $37.24. The stock has a market cap of $5.20 million, a P/E ratio of 19.19 and a beta of 1.03.

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.