First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Short Interest Up 66.7% in August

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 500 shares, anincreaseof66.7% from the July 31st total of 300 shares. Based on an average trading volume of 500 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 500 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. acquired a new position in First Trust S-Network E-Commerce ETF during the second quarter worth about $109,000. Jane Street Group LLC purchased a new position in First Trust S-Network E-Commerce ETF during the second quarter worth approximately $539,000. Insight Advisors LLC PA purchased a new position in First Trust S-Network E-Commerce ETF during the second quarter worth approximately $253,000. Royal Bank of Canada purchased a new position in First Trust S-Network E-Commerce ETF during the first quarter worth approximately $1,097,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of First Trust S-Network E-Commerce ETF in the first quarter worth $605,000.

First Trust S-Network E-Commerce ETF Price Performance

Shares of First Trust S-Network E-Commerce ETF stock traded up $0.43 during trading on Monday, hitting $41.75. 805 shares of the stock were exchanged, compared to its average volume of 1,694. First Trust S-Network E-Commerce ETF has a 12-month low of $30.40 and a 12-month high of $41.62. The stock has a market cap of $6.26 million, a price-to-earnings ratio of 19.19 and a beta of 0.99. The firm’s 50-day moving average price is $40.38 and its 200 day moving average price is $38.24.

First Trust S-Network E-Commerce ETF Increases Dividend

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

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.