First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Short Interest Down 94.4% in February

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 1 shares, a decline of 94.4% from the February 12th total of 18 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 39 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 39 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ISHP. Royal Bank of Canada purchased a new position in shares of First Trust S-Network E-Commerce ETF in the 1st quarter worth about $1,097,000. Jane Street Group LLC purchased a new stake in First Trust S-Network E-Commerce ETF during the second quarter worth about $539,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in First Trust S-Network E-Commerce ETF in the second quarter worth about $109,000.

First Trust S-Network E-Commerce ETF Trading Down 2.4%

Shares of ISHP traded down $0.85 on Tuesday, reaching $34.46. The company’s stock had a trading volume of 9 shares, compared to its average volume of 457. First Trust S-Network E-Commerce ETF has a twelve month low of $31.39 and a twelve month high of $42.95. The stock has a market capitalization of $5.17 million, a PE ratio of 19.19 and a beta of 1.03. The firm has a fifty day moving average of $37.71 and a 200-day moving average of $39.48.

First Trust S-Network E-Commerce ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.2937 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, December 12th. 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.