First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Short Interest Update

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 55 shares, an increase of 1,000.0% from the May 31st total of 5 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 109 shares, the days-to-cover ratio is presently 0.5 days.

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

A hedge fund recently raised its stake in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC lifted 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,419 shares of the company’s stock after buying 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 as of its most recent filing with the Securities and Exchange Commission.

First Trust S-Network E-Commerce ETF Trading Up 0.8%

ISHP traded up $0.27 during midday trading on Friday, hitting $32.81. 108 shares of the company traded hands, compared to its average volume of 308. The company has a market capitalization of $4.92 million, a price-to-earnings ratio of 19.19 and a beta of 1.01. First Trust S-Network E-Commerce ETF has a 52-week low of $32.05 and a 52-week high of $42.95. The business has a 50 day simple moving average of $34.38 and a two-hundred day simple moving average of $35.99.

First Trust S-Network E-Commerce ETF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.0712 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%.

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.