First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Short Interest Down 90.9% in December

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 1 shares, a decrease of 90.9% from the December 15th total of 11 shares. Based on an average daily volume of 97 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 97 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On First Trust S-Network E-Commerce ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada acquired a new position in First Trust S-Network E-Commerce ETF during the 1st quarter valued at about $1,097,000. Insight Advisors LLC PA purchased a new stake in shares of First Trust S-Network E-Commerce ETF in the second quarter worth approximately $253,000. Jane Street Group LLC bought a new position in shares of First Trust S-Network E-Commerce ETF in the second quarter valued at approximately $539,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of First Trust S-Network E-Commerce ETF during the second quarter valued at approximately $109,000.

First Trust S-Network E-Commerce ETF Trading Down 1.1%

NASDAQ ISHP traded down $0.46 during mid-day trading on Wednesday, hitting $40.36. The company’s stock had a trading volume of 9 shares, compared to its average volume of 201. The company’s 50 day simple moving average is $39.32 and its 200 day simple moving average is $40.36. First Trust S-Network E-Commerce ETF has a twelve month low of $31.39 and a twelve month high of $42.95. The firm has a market capitalization of $6.05 million, a price-to-earnings ratio of 19.19 and a beta of 1.03.

First Trust S-Network E-Commerce ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.2937 per share. This is an increase from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.04. This represents a $1.17 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, December 12th.

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.