Short Interest in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Grows By 600.0%

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 7 shares, a growth of 600.0% from the April 30th total of 1 shares. Based on an average daily volume of 62 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

First Trust S-Network E-Commerce ETF Trading Down 0.7%

Shares of ISHP traded down $0.24 during mid-day trading on Thursday, hitting $33.80. The company’s stock had a trading volume of 20 shares, compared to its average volume of 345. First Trust S-Network E-Commerce ETF has a 52-week low of $32.05 and a 52-week high of $42.95. The company’s 50-day moving average is $34.23 and its 200-day moving average is $36.76. The firm has a market capitalization of $5.07 million, a price-to-earnings ratio of 19.19 and a beta of 1.03.

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

A hedge fund recently raised its stake in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC boosted its position in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 49.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,419 shares of the company’s stock after acquiring an additional 10,706 shares during the period. Jane Street Group LLC owned 21.61% of First Trust S-Network E-Commerce ETF worth $1,269,000 as of its most recent filing with the Securities & Exchange Commission.

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.