First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Sees Significant Growth in Short Interest

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 1,400 shares, an increase of 600.0% from the October 15th total of 200 shares. Based on an average trading volume of 400 shares, the short-interest ratio is currently 3.5 days.

First Trust S-Network E-Commerce ETF Stock Down 0.8 %

First Trust S-Network E-Commerce ETF stock traded down $0.28 during mid-day trading on Tuesday, hitting $36.25. 23 shares of the company were exchanged, compared to its average volume of 360. First Trust S-Network E-Commerce ETF has a 1-year low of $25.52 and a 1-year high of $37.33. The business has a fifty day moving average of $33.98 and a 200 day moving average of $31.63. The company has a market capitalization of $5.44 million, a PE ratio of 15.71 and a beta of 0.99.

First Trust S-Network E-Commerce ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.0272 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.30%.

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.