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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 1,400 shares, a decline of 26.3% from the February 28th total of 1,900 shares. Based on an average daily volume of 2,300 shares, the short-interest ratio is presently 0.6 days. Currently, 0.6% of the shares of the company are short sold.

First Trust S-Network E-Commerce ETF Stock Performance

ISHP remained flat at $36.10 during midday trading on Monday. The company’s stock had a trading volume of 12,333 shares, compared to its average volume of 897. The company’s 50-day moving average price is $37.63 and its 200-day moving average price is $36.28. First Trust S-Network E-Commerce ETF has a fifty-two week low of $28.02 and a fifty-two week high of $39.84. The firm has a market capitalization of $5.42 million, a P/E ratio of 20.98 and a beta of 0.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC boosted its holdings in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 8.2% during 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 purchasing an additional 2,225 shares during the quarter. Jane Street Group LLC owned about 19.68% of First Trust S-Network E-Commerce ETF worth $1,015,000 at the end of the most recent quarter.

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.