Short Interest in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Increases By 600.0%

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,400 shares, a growth of 600.0% from the October 15th total of 200 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 3.5 days.

First Trust S-Network E-Commerce ETF Trading Down 0.8 %

NASDAQ ISHP traded down $0.28 during trading hours on Wednesday, reaching $36.25. 23 shares of the company traded hands, compared to its average volume of 360. First Trust S-Network E-Commerce ETF has a 12 month low of $25.52 and a 12 month high of $37.33. The stock has a market capitalization of $5.44 million, a PE ratio of 15.71 and a beta of 0.99. The company has a 50 day moving average of $33.98 and a two-hundred day moving average of $31.63.

First Trust S-Network E-Commerce ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.0272 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.11 dividend on an annualized basis and a yield of 0.30%.

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.