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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,900 shares, a growth of 216.7% from the February 13th total of 600 shares. Based on an average trading volume of 1,800 shares, the short-interest ratio is currently 1.1 days. Approximately 1.3% of the company’s shares are short sold.

Institutional Trading of First Trust S-Network E-Commerce ETF

An institutional investor recently raised its position in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC increased its holdings in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,525 shares of the company’s stock after purchasing an additional 2,225 shares during the period. Jane Street Group LLC owned 19.68% of First Trust S-Network E-Commerce ETF worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

First Trust S-Network E-Commerce ETF Stock Up 2.3 %

Shares of ISHP stock traded up $0.82 during mid-day trading on Friday, hitting $36.82. 492 shares of the company’s stock were exchanged, compared to its average volume of 2,245. The stock has a market cap of $5.52 million, a price-to-earnings ratio of 21.69 and a beta of 0.99. The stock has a 50-day simple moving average of $37.27 and a two-hundred day simple moving average of $35.72. First Trust S-Network E-Commerce ETF has a fifty-two week low of $28.02 and a fifty-two week high of $39.84.

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.