First Trust S-Network E-Commerce ETF (NASDAQ:ISHP – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 162 shares, an increase of 184.2% from the September 15th total of 57 shares. Based on an average daily volume of 182 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the company’s stock are short sold.
First Trust S-Network E-Commerce ETF Stock Performance
Shares of ISHP stock opened at $34.74 on Wednesday. First Trust S-Network E-Commerce ETF has a 52-week low of $32.05 and a 52-week high of $42.04. The company has a 50-day simple moving average of $35.44 and a two-hundred day simple moving average of $34.67. The company has a market capitalization of $5.21 million, a price-to-earnings ratio of 19.19 and a beta of 1.01.
First Trust S-Network E-Commerce ETF Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.0708 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. This is a decrease from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.0712.
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.
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