First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Short Interest Down 94.4% in February

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 1 shares, a decline of 94.4% from the February 12th total of 18 shares. Based on an average daily volume of 39 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 39 shares, the short-interest ratio is currently 0.0 days.

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

Several institutional investors and hedge funds have recently modified their holdings of ISHP. Jane Street Group LLC grew its holdings in First Trust S-Network E-Commerce ETF by 49.3% during the fourth quarter. Jane Street Group LLC now owns 32,419 shares of the company’s stock worth $1,269,000 after acquiring an additional 10,706 shares during the period. Royal Bank of Canada purchased a new stake in First Trust S-Network E-Commerce ETF in the 1st quarter worth approximately $1,097,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in First Trust S-Network E-Commerce ETF in the 2nd quarter worth approximately $109,000.

First Trust S-Network E-Commerce ETF Stock Down 0.8%

ISHP traded down $0.28 during midday trading on Wednesday, reaching $35.03. The company had a trading volume of 8 shares, compared to its average volume of 457. First Trust S-Network E-Commerce ETF has a 1 year low of $31.39 and a 1 year high of $42.95. The company has a market cap of $5.25 million, a P/E ratio of 19.19 and a beta of 1.03. The business has a 50-day moving average of $37.71 and a two-hundred day moving average of $39.48.

First Trust S-Network E-Commerce ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.2937 per share. This represents a $1.17 annualized dividend and a dividend yield of 3.4%. This is a boost from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend 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.