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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,200 shares, a growth of 140.0% from the August 15th total of 500 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 2.4 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 2.4 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of ISHP. Newbridge Financial Services Group Inc. acquired a new position in shares of First Trust S-Network E-Commerce ETF during the 2nd quarter worth approximately $109,000. Jane Street Group LLC acquired a new stake in shares of First Trust S-Network E-Commerce ETF in the second quarter valued at approximately $539,000. Insight Advisors LLC PA acquired a new stake in shares of First Trust S-Network E-Commerce ETF in the second quarter valued at approximately $253,000. Royal Bank of Canada acquired a new stake in shares of First Trust S-Network E-Commerce ETF in the first quarter valued at approximately $1,097,000. Finally, OLD Mission Capital LLC bought a new position in shares of First Trust S-Network E-Commerce ETF in the first quarter valued at about $605,000.

First Trust S-Network E-Commerce ETF Trading Down 0.0%

Shares of ISHP stock traded down $0.02 on Monday, hitting $42.35. The stock had a trading volume of 286 shares, compared to its average volume of 1,712. First Trust S-Network E-Commerce ETF has a twelve month low of $31.39 and a twelve month high of $42.37. The firm has a market cap of $6.35 million, a P/E ratio of 19.19 and a beta of 0.99. The company has a fifty day moving average price of $40.60 and a two-hundred day moving average price of $38.37.

First Trust S-Network E-Commerce ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a dividend of $0.1891 per share. This is an increase from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.03. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, June 26th.

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.