Short Interest in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Decreases By 26.3%

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,400 shares, a decline of 26.3% from the February 28th total of 1,900 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On 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 raised its holdings in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 45.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,991 shares of the company’s stock after purchasing an additional 13,466 shares during the period. Jane Street Group LLC owned about 28.66% of First Trust S-Network E-Commerce ETF worth $1,518,000 as of its most recent SEC filing.

First Trust S-Network E-Commerce ETF Trading Up 0.3 %

NASDAQ ISHP traded up $0.10 on Tuesday, hitting $36.20. 1,047 shares of the stock traded hands, compared to its average volume of 864. The stock has a 50-day moving average of $37.63 and a 200 day moving average of $36.28. First Trust S-Network E-Commerce ETF has a twelve month low of $28.02 and a twelve month high of $39.84. The company has a market capitalization of $5.43 million, a P/E ratio of 20.98 and a beta of 0.99.

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.