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 May. As of May 31st, there was short interest totalling 500 shares, a growth of 400.0% from the May 15th total of 100 shares. Based on an average trading volume of 2,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are short sold.

First Trust S-Network E-Commerce ETF Stock Performance

Shares of NASDAQ ISHP opened at $39.39 on Thursday. The company has a market cap of $5.91 million, a P/E ratio of 19.59 and a beta of 0.99. First Trust S-Network E-Commerce ETF has a 52-week low of $28.38 and a 52-week high of $39.84. The firm’s fifty day moving average is $36.68 and its two-hundred day moving average is $36.89.

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

A number of large investors have recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new position in shares of First Trust S-Network E-Commerce ETF in the 1st quarter valued at about $605,000. Fulcrum Equity Management bought a new position in First Trust S-Network E-Commerce ETF in the 1st quarter valued at $1,001,000. Royal Bank of Canada purchased a new position in First Trust S-Network E-Commerce ETF in the 1st quarter worth about $1,097,000. Finally, Jane Street Group LLC increased its position in shares of First Trust S-Network E-Commerce ETF by 45.6% during the fourth quarter. Jane Street Group LLC now owns 42,991 shares of the company’s stock worth $1,518,000 after acquiring an additional 13,466 shares during the period.

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.