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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 4 shares, a growth of 300.0% from the March 31st total of 1 shares. Based on an average trading volume of 690 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

First Trust S-Network E-Commerce ETF Trading Up 0.5%

Shares of First Trust S-Network E-Commerce ETF stock traded up $0.19 on Friday, hitting $35.35. 208 shares of the company traded hands, compared to its average volume of 409. The stock’s 50 day moving average price is $34.49 and its 200-day moving average price is $37.70. First Trust S-Network E-Commerce ETF has a 52 week low of $32.05 and a 52 week high of $42.95. The company has a market cap of $5.30 million, a PE ratio of 19.19 and a beta of 1.05.

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

A hedge fund recently raised its stake in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC grew its stake in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 49.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,419 shares of the company’s stock after acquiring an additional 10,706 shares during the period. Jane Street Group LLC owned about 21.61% of First Trust S-Network E-Commerce ETF worth $1,269,000 at the end of the most recent quarter.

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.