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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 55 shares, a growth of 1,000.0% from the May 31st total of 5 shares. Based on an average trading volume of 109 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

First Trust S-Network E-Commerce ETF Stock Performance

Shares of ISHP opened at $32.98 on Friday. First Trust S-Network E-Commerce ETF has a fifty-two week low of $32.05 and a fifty-two week high of $42.95. The firm’s 50-day simple moving average is $34.41 and its two-hundred day simple moving average is $36.01. The stock has a market cap of $4.95 million, a PE ratio of 19.19 and a beta of 1.01.

First Trust S-Network E-Commerce ETF Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a $0.0712 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, June 25th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC acquired a new stake in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,616 shares of the company’s stock, valued at approximately $539,000. Jane Street Group LLC owned about 9.08% of First Trust S-Network E-Commerce ETF at the end of the most recent quarter.

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.