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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 600 shares, a decrease of 57.1% from the March 15th total of 1,400 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC grew its stake in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,525 shares of the company’s stock after purchasing an additional 2,225 shares during the period. Jane Street Group LLC owned approximately 19.68% of First Trust S-Network E-Commerce ETF worth $1,015,000 at the end of the most recent reporting period.

First Trust S-Network E-Commerce ETF Stock Up 0.2 %

ISHP stock opened at $34.74 on Wednesday. The company has a fifty day simple moving average of $36.78 and a two-hundred day simple moving average of $36.32. First Trust S-Network E-Commerce ETF has a 52 week low of $28.02 and a 52 week high of $39.84. The firm has a market capitalization of $6.95 million, a P/E ratio of 17.65 and a beta of 0.99.

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.