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 significant increase in short interest in February. As of February 28th, there was short interest totalling 1,900 shares, an increase of 216.7% from the February 13th total of 600 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 1.1 days.

First Trust S-Network E-Commerce ETF Trading Down 0.9 %

First Trust S-Network E-Commerce ETF stock traded down $0.33 on Thursday, hitting $36.20. 930 shares of the stock traded hands, compared to its average volume of 2,324. First Trust S-Network E-Commerce ETF has a 1 year low of $28.02 and a 1 year high of $39.84. The firm has a market cap of $5.43 million, a P/E ratio of 21.69 and a beta of 0.99. The business’s fifty day simple moving average is $37.25 and its 200 day simple moving average is $35.72.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC grew its holdings in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 8.2% in the 3rd quarter, according to its most recent disclosure with the 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 as of its most recent SEC filing.

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.