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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 2 shares, an increase of 100.0% from the December 31st total of 1 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 138 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 138 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ISHP. Newbridge Financial Services Group Inc. bought a new stake in shares of First Trust S-Network E-Commerce ETF in the 2nd quarter valued at approximately $109,000. Insight Advisors LLC PA bought a new stake in First Trust S-Network E-Commerce ETF in the second quarter worth $253,000. Jane Street Group LLC purchased a new position in First Trust S-Network E-Commerce ETF during the second quarter worth $539,000. Finally, Royal Bank of Canada bought a new position in First Trust S-Network E-Commerce ETF during the first quarter valued at $1,097,000.

First Trust S-Network E-Commerce ETF Price Performance

Shares of ISHP opened at $38.71 on Friday. The stock has a market capitalization of $5.81 million, a price-to-earnings ratio of 19.19 and a beta of 1.03. First Trust S-Network E-Commerce ETF has a 1 year low of $31.39 and a 1 year high of $42.95. The business’s 50 day simple moving average is $39.50 and its 200-day simple moving average is $40.35.

First Trust S-Network E-Commerce ETF Increases Dividend

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

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.