First Trust S-Network E-Commerce ETF (NASDAQ:ISHP – Get Free Report) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,100 shares, a decrease of 21.4% from the October 31st total of 1,400 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is currently 2.8 days.
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 increased its position in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP – Free Report) by 8.2% in the third quarter, according to the company in its most recent disclosure with the 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 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 First Trust S-Network E-Commerce ETF stock traded down $0.01 during trading on Monday, hitting $37.33. 2,697 shares of the company were exchanged, compared to its average volume of 360. The firm’s fifty day moving average price is $35.48 and its 200 day moving average price is $32.28. First Trust S-Network E-Commerce ETF has a 1-year low of $27.00 and a 1-year high of $37.34. The firm has a market capitalization of $5.60 million, a P/E ratio of 15.71 and a beta of 0.99.
First Trust S-Network E-Commerce ETF Cuts Dividend
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.
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