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

by · The Cerbat Gem

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 7 shares, an increase of 600.0% from the April 30th total of 1 shares. Based on an average daily volume of 62 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

First Trust S-Network E-Commerce ETF Stock Performance

ISHP stock traded down $0.00 during trading on Friday, hitting $34.18. 27 shares of the company’s stock traded hands, compared to its average volume of 340. First Trust S-Network E-Commerce ETF has a 52 week low of $32.05 and a 52 week high of $42.95. The business has a fifty day simple moving average of $34.20 and a 200 day simple moving average of $36.70. The stock has a market capitalization of $5.13 million, a price-to-earnings ratio of 19.19 and a beta of 1.03.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in First Trust S-Network E-Commerce ETF stock. Royal Bank of Canada acquired a new position in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 30,379 shares of the company’s stock, valued at approximately $1,097,000. Royal Bank of Canada owned about 20.25% of First Trust S-Network E-Commerce ETF at the end of the most recent reporting period.

About First Trust S-Network E-Commerce ETF

(Get Free Report)

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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