First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Short Interest Up 1,000.0% in December

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 11 shares, an increase of 1,000.0% from the November 30th total of 1 shares. Based on an average daily trading volume, of 144 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 144 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. OLD Mission Capital LLC acquired a new stake in First Trust S-Network E-Commerce ETF during the first quarter worth approximately $605,000. Royal Bank of Canada bought a new stake in First Trust S-Network E-Commerce ETF during the first quarter worth about $1,097,000. Insight Advisors LLC PA bought a new stake in First Trust S-Network E-Commerce ETF during the second quarter worth about $253,000. Jane Street Group LLC acquired a new stake in First Trust S-Network E-Commerce ETF during the second quarter worth about $539,000. Finally, Newbridge Financial Services Group Inc. bought a new position in First Trust S-Network E-Commerce ETF in the 2nd quarter valued at about $109,000.

First Trust S-Network E-Commerce ETF Stock Performance

NASDAQ:ISHP traded up $0.07 during mid-day trading on Wednesday, hitting $39.20. 7 shares of the stock were exchanged, compared to its average volume of 1,378. The firm’s 50-day simple moving average is $39.62 and its 200 day simple moving average is $40.25. The stock has a market capitalization of $5.88 million, a price-to-earnings ratio of 19.19 and a beta of 1.03. First Trust S-Network E-Commerce ETF has a fifty-two week low of $31.39 and a fifty-two week high of $42.95.

First Trust S-Network E-Commerce ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a dividend of $0.2937 per share. This is a positive change from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.04. This represents a $1.17 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, December 12th.

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.