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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 11 shares, an increase of 1,000.0% from the November 30th total of 1 shares. Based on an average daily trading volume, of 144 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 144 shares, the days-to-cover ratio is currently 0.1 days.

First Trust S-Network E-Commerce ETF Price Performance

ISHP stock traded up $0.07 during trading on Wednesday, reaching $39.20. 7 shares of the company were exchanged, compared to its average volume of 1,378. The company has a 50-day moving average of $39.62 and a two-hundred day moving average of $40.25. The company has a market capitalization of $5.88 million, a price-to-earnings ratio of 19.19 and a beta of 1.03. First Trust S-Network E-Commerce ETF has a twelve month low of $31.39 and a twelve month high of $42.95.

First Trust S-Network E-Commerce ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a dividend of $0.2937 per share. The ex-dividend date is Friday, December 12th. This represents a $1.17 annualized dividend and a yield of 3.0%. This is a boost from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.04.

Hedge Funds Weigh In On First Trust S-Network E-Commerce ETF

Hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. acquired a new stake in First Trust S-Network E-Commerce ETF in the second quarter worth $109,000. Jane Street Group LLC acquired a new position in shares of First Trust S-Network E-Commerce ETF during the second quarter valued at about $539,000. Insight Advisors LLC PA bought a new position in shares of First Trust S-Network E-Commerce ETF during the 2nd quarter worth about $253,000. Royal Bank of Canada acquired a new stake in shares of First Trust S-Network E-Commerce ETF in the 1st quarter valued at about $1,097,000. Finally, OLD Mission Capital LLC bought a new stake in First Trust S-Network E-Commerce ETF in the 1st quarter valued at about $605,000.

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.