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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 162 shares, a growth of 184.2% from the September 15th total of 57 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 182 shares, the short-interest ratio is presently 0.9 days.

First Trust S-Network E-Commerce ETF Stock Up 0.5%

ISHP stock traded up $0.19 during trading on Tuesday, reaching $34.74. The company’s stock had a trading volume of 6 shares, compared to its average volume of 248. First Trust S-Network E-Commerce ETF has a 1 year low of $32.05 and a 1 year high of $42.04. The company has a market capitalization of $5.21 million, a P/E ratio of 19.19 and a beta of 1.01. The company’s fifty day moving average is $35.47 and its 200-day moving average is $34.66.

First Trust S-Network E-Commerce ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.0708 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.8%. This is a negative change from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.0712. The ex-dividend date of this dividend was Thursday, September 24th.

First Trust S-Network E-Commerce ETF Company Profile

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.