First Trust S-Network E-Commerce ETF (NASDAQ:ISHP – Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 7 shares, a growth of 600.0% from the April 30th total of 1 shares. Based on an average daily trading volume, of 62 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Hedge Funds Weigh In On First Trust S-Network E-Commerce ETF
A hedge fund recently bought a new stake in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC acquired a new position in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,616 shares of the company’s stock, valued at approximately $539,000. Jane Street Group LLC owned approximately 9.08% of First Trust S-Network E-Commerce ETF as of its most recent filing with the Securities & Exchange Commission.
First Trust S-Network E-Commerce ETF Stock Performance
ISHP stock opened at $34.18 on Friday. The stock has a fifty day moving average of $34.20 and a 200-day moving average of $36.70. First Trust S-Network E-Commerce ETF has a fifty-two week low of $32.05 and a fifty-two week high of $42.95. The company has a market capitalization of $5.13 million, a price-to-earnings ratio of 19.19 and a beta of 1.03.
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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