First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Short Interest Up 819.2% in July

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 387,929 shares, an increase of 819.2% from the June 30th total of 42,202 shares. Currently, 5.0% of the shares of the stock are sold short. Based on an average daily volume of 67,237 shares, the days-to-cover ratio is presently 5.8 days.

First Trust Innovation Leaders ETF Trading Down 1.5%

Shares of ILDR stock opened at $36.27 on Friday. The company has a market capitalization of $282.91 million, a price-to-earnings ratio of 39.35 and a beta of 1.29. The firm has a 50-day moving average price of $38.18 and a 200 day moving average price of $34.53. First Trust Innovation Leaders ETF has a twelve month low of $28.19 and a twelve month high of $40.99.

Hedge Funds Weigh In On First Trust Innovation Leaders ETF

Institutional investors have recently modified their holdings of the company. LPL Financial LLC lifted its stake in shares of First Trust Innovation Leaders ETF by 36.1% during the fourth quarter. LPL Financial LLC now owns 1,698,125 shares of the company’s stock valued at $56,021,000 after buying an additional 450,296 shares during the period. Cetera Investment Advisers boosted its position in First Trust Innovation Leaders ETF by 142.1% during the first quarter. Cetera Investment Advisers now owns 272,975 shares of the company’s stock worth $8,129,000 after acquiring an additional 160,204 shares during the last quarter. Atria Investments Inc grew its stake 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 acquiring an additional 1,286 shares during the period. Patriot Financial Group Insurance Agency LLC grew its stake 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 acquiring an additional 220,521 shares during the period. Finally, Assetmark Inc. grew its stake in First Trust Innovation Leaders ETF by 15.3% in the 1st quarter. Assetmark Inc. now owns 233,218 shares of the company’s stock worth $6,945,000 after acquiring an additional 30,989 shares during the period.

First Trust Innovation Leaders ETF Company Profile

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.