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

Posted by Don Miller on Dec 2nd, 2024

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP – Get Free Report) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 1,100 shares, a decrease of 21.4% from the October 31st total of 1,400 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 2.8 days.

First Trust S-Network E-Commerce ETF Price Performance

ISHP stock traded down $0.01 during mid-day trading on Monday, reaching $37.33. The company had a trading volume of 2,697 shares, compared to its average volume of 360. First Trust S-Network E-Commerce ETF has a 52 week low of $27.00 and a 52 week high of $37.34. The company has a market capitalization of $5.60 million, a price-to-earnings ratio of 15.71 and a beta of 0.99. The stock has a 50 day simple moving average of $35.48 and a two-hundred day simple moving average of $32.28.

First Trust S-Network E-Commerce ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.0272 per share. This represents a $0.11 annualized dividend and a yield of 0.29%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC lifted its holdings in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP – Free Report) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,525 shares of the company’s stock after acquiring an additional 2,225 shares during the quarter. Jane Street Group LLC owned approximately 19.68% of First Trust S-Network E-Commerce ETF worth $1,015,000 as of its most recent SEC filing.

About First Trust S-Network E-Commerce ETF

(Get Free Report)

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.