First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Short Interest Update

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 40,044 shares, a decrease of 66.4% from the May 14th total of 119,149 shares. Based on an average daily trading volume, of 35,577 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Trading of First Trust Innovation Leaders ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Triton Wealth Management PLLC raised its position in First Trust Innovation Leaders ETF by 4.3% in the 1st quarter. Triton Wealth Management PLLC now owns 7,344 shares of the company’s stock valued at $224,000 after purchasing an additional 300 shares during the last quarter. &PARTNERS raised its position in First Trust Innovation Leaders ETF by 8.0% in the 4th quarter. &PARTNERS now owns 13,031 shares of the company’s stock valued at $432,000 after purchasing an additional 964 shares during the last quarter. Geneos Wealth Management Inc. raised its position in First Trust Innovation Leaders ETF by 1.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 95,031 shares of the company’s stock valued at $3,135,000 after purchasing an additional 1,112 shares during the last quarter. Prospera Financial Services Inc raised its position in First Trust Innovation Leaders ETF by 2.3% in the 3rd quarter. Prospera Financial Services Inc now owns 50,751 shares of the company’s stock valued at $1,644,000 after purchasing an additional 1,121 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in First Trust Innovation Leaders ETF in the 4th quarter valued at $40,000.

First Trust Innovation Leaders ETF Price Performance

ILDR stock opened at $36.66 on Thursday. The company has a fifty day moving average price of $35.51 and a 200 day moving average price of $33.39. First Trust Innovation Leaders ETF has a 12 month low of $27.49 and a 12 month high of $40.84. The company has a market cap of $256.62 million, a price-to-earnings ratio of 39.35 and a beta of 1.29.

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.