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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 1 shares, a drop of 90.9% from the December 15th total of 11 shares. Based on an average trading volume of 97 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 97 shares, the days-to-cover ratio is currently 0.0 days.

First Trust S-Network E-Commerce ETF Trading Up 0.6%

Shares of NASDAQ ISHP traded up $0.26 during mid-day trading on Tuesday, hitting $40.78. The company had a trading volume of 13 shares, compared to its average volume of 230. The stock’s 50-day moving average price is $39.30 and its 200-day moving average price is $40.35. First Trust S-Network E-Commerce ETF has a 1 year low of $31.39 and a 1 year high of $42.95. The company has a market capitalization of $6.12 million, a price-to-earnings ratio of 19.19 and a beta of 1.03.

First Trust S-Network E-Commerce ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.2937 dividend. This is a boost 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 dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Investors Weigh In On First Trust S-Network E-Commerce ETF

Hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. acquired a new stake in First Trust S-Network E-Commerce ETF during the second quarter worth $109,000. Insight Advisors LLC PA acquired a new stake in First Trust S-Network E-Commerce ETF in the second quarter valued at $253,000. Jane Street Group LLC purchased a new stake in First Trust S-Network E-Commerce ETF during the second quarter worth approximately $539,000. Finally, Royal Bank of Canada acquired a new position in shares of First Trust S-Network E-Commerce ETF in the 1st quarter valued at $1,097,000.

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.