Short Interest in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Grows By 600.0%

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 7 shares, a growth of 600.0% from the April 30th total of 1 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 62 shares, the short-interest ratio is presently 0.1 days.

First Trust S-Network E-Commerce ETF Stock Down 0.7%

NASDAQ:ISHP traded down $0.24 during mid-day trading on Thursday, hitting $33.80. 20 shares of the stock traded hands, compared to its average volume of 345. The stock has a market capitalization of $5.07 million, a price-to-earnings ratio of 19.19 and a beta of 1.03. First Trust S-Network E-Commerce ETF has a 52 week low of $32.05 and a 52 week high of $42.95. The firm’s 50 day moving average is $34.23 and its two-hundred day moving average is $36.76.

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

An institutional investor recently bought a new position in First Trust S-Network E-Commerce ETF stock. Royal Bank of Canada bought a new position in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 30,379 shares of the company’s stock, valued at approximately $1,097,000. Royal Bank of Canada owned approximately 20.25% of First Trust S-Network E-Commerce ETF at the end of the most recent reporting period.

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.