First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Short Interest Up 1,000.0% in December

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 11 shares, an increase of 1,000.0% from the November 30th total of 1 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 144 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 144 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

First Trust S-Network E-Commerce ETF Stock Performance

Shares of NASDAQ:ISHP opened at $39.20 on Friday. The company has a market capitalization of $5.88 million, a PE ratio of 19.19 and a beta of 1.03. The stock has a fifty day moving average of $39.59 and a 200-day moving average of $40.24. First Trust S-Network E-Commerce ETF has a one year low of $31.39 and a one year high of $42.95.

First Trust S-Network E-Commerce ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a dividend of $0.2937 per share. This is a positive change from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.04. This represents a $1.17 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, December 12th.

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

A number of institutional investors have recently bought and sold shares of ISHP. Newbridge Financial Services Group Inc. acquired a new stake in First Trust S-Network E-Commerce ETF during the 2nd quarter worth about $109,000. Jane Street Group LLC purchased a new position in shares of First Trust S-Network E-Commerce ETF in the second quarter worth approximately $539,000. Insight Advisors LLC PA acquired a new stake in shares of First Trust S-Network E-Commerce ETF during the second quarter valued at approximately $253,000. Royal Bank of Canada acquired a new stake in shares of First Trust S-Network E-Commerce ETF during the first quarter valued at approximately $1,097,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of First Trust S-Network E-Commerce ETF in the 1st quarter valued at approximately $605,000.

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.