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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,100 shares, a decline 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 presently 2.8 days.

Institutional Trading of 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 stake in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,525 shares of the company’s stock after buying an additional 2,225 shares during the quarter. Jane Street Group LLC owned approximately 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 Price Performance

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

First Trust S-Network E-Commerce ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.0272 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.11 dividend on an annualized basis and a yield of 0.29%.

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.