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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 1 shares, a drop of 75.0% from the April 15th total of 4 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 99 shares, the short-interest ratio is presently 0.0 days.

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

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

First Trust S-Network E-Commerce ETF Price Performance

Shares of NASDAQ:ISHP traded down $0.41 during trading on Friday, reaching $33.74. 125 shares of the company were exchanged, compared to its average volume of 364. The firm has a market capitalization of $5.06 million, a PE ratio of 19.19 and a beta of 1.03. The business’s fifty day simple moving average is $34.34 and its 200-day simple moving average is $37.19. First Trust S-Network E-Commerce ETF has a 12-month low of $32.05 and a 12-month high of $42.95.

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.