First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Sees Large Growth in Short Interest

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 31,533 shares, an increase of 74.0% from the March 31st total of 18,125 shares. Based on an average trading volume of 37,817 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.5% of the company’s stock are short sold.

First Trust Innovation Leaders ETF Stock Down 1.6%

ILDR opened at $34.28 on Wednesday. First Trust Innovation Leaders ETF has a 52-week low of $23.48 and a 52-week high of $35.28. The company has a market cap of $239.96 million, a P/E ratio of 39.35 and a beta of 1.23. The firm’s 50-day moving average price is $31.54 and its 200-day moving average price is $32.54.

Hedge Funds Weigh In On First Trust Innovation Leaders ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC increased its holdings in First Trust Innovation Leaders ETF by 36.1% in the 4th quarter. LPL Financial LLC now owns 1,698,125 shares of the company’s stock worth $56,021,000 after buying an additional 450,296 shares during the period. Atria Investments Inc increased its holdings in First Trust Innovation Leaders ETF by 0.5% in the 4th quarter. Atria Investments Inc now owns 262,910 shares of the company’s stock worth $8,673,000 after buying an additional 1,286 shares during the period. Patriot Financial Group Insurance Agency LLC increased its holdings in First Trust Innovation Leaders ETF by 1,675.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 233,684 shares of the company’s stock worth $6,959,000 after buying an additional 220,521 shares during the period. Assetmark Inc. increased its holdings in First Trust Innovation Leaders ETF by 17.3% in the 4th quarter. Assetmark Inc. now owns 202,229 shares of the company’s stock worth $6,672,000 after buying an additional 29,785 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in First Trust Innovation Leaders ETF by 26.3% in the 4th quarter. Osaic Holdings Inc. now owns 133,007 shares of the company’s stock worth $4,388,000 after buying an additional 27,729 shares during the period.

About First Trust Innovation Leaders ETF

The First Trust Innovation Leaders ETF (ILDR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks capital appreciation by targeting global companies believed to benefit from scientific and technological innovation. ILDR was launched on May 25, 2021 and is managed by First Trust.