Short Interest in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Declines By 21.4%

Posted by Steven Smith on Nov 30th, 2024

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP – Get Free Report) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 1,100 shares, a drop of 21.4% from the October 31st total of 1,400 shares. Based on an average daily volume of 400 shares, the short-interest ratio is currently 2.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC raised its stake in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP – Free Report) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,525 shares of the company’s stock after buying an additional 2,225 shares during the period. Jane Street Group LLC owned about 19.68% of First Trust S-Network E-Commerce ETF worth $1,015,000 as of its most recent SEC filing.

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

Shares of ISHP traded up $0.18 during midday trading on Friday, reaching $37.34. The stock had a trading volume of 2 shares, compared to its average volume of 350. The company has a market capitalization of $5.60 million, a price-to-earnings ratio of 15.71 and a beta of 0.99. The company’s 50-day moving average is $35.39 and its 200 day moving average is $32.23. First Trust S-Network E-Commerce ETF has a 12-month low of $26.86 and a 12-month high of $37.34.

First Trust S-Network E-Commerce ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.0272 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.11 annualized dividend and a dividend yield of 0.29%.

About First Trust S-Network E-Commerce ETF

(Get Free Report)

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.