First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Trading 0% Higher – Time to Buy?

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) shares traded up 0% on Thursday . The company traded as high as $33.57 and last traded at $33.4132. 16 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 317 shares. The stock had previously closed at $33.41.

First Trust S-Network E-Commerce ETF Stock Performance

The company’s 50-day moving average price is $34.50 and its 200-day moving average price is $36.20. The firm has a market capitalization of $5.04 million, a PE ratio of 19.19 and a beta of 1.01.

Institutional Trading of First Trust S-Network E-Commerce ETF

An institutional investor recently raised its stake in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC raised its holdings in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 49.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,419 shares of the company’s stock after acquiring an additional 10,706 shares during the quarter. Jane Street Group LLC owned approximately 21.61% of First Trust S-Network E-Commerce ETF worth $1,269,000 as of its most recent filing with the SEC.

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.