First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND) Stock Short Interest Report for October

First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 940 shares. Based on an average daily volume of 2,404 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are sold short.

First Trust Bloomberg R&D Leaders ETF Price Performance

NYSEARCA RND traded down $0.69 during trading hours on Friday, hitting $32.42. The company had a trading volume of 304 shares, compared to its average volume of 2,512. The company has a market capitalization of $9.73 million, a price-to-earnings ratio of 34.30 and a beta of 1.23. First Trust Bloomberg R&D Leaders ETF has a fifty-two week low of $26.25 and a fifty-two week high of $34.41. The firm’s 50 day moving average is $33.25 and its 200 day moving average is $31.21.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RND. GK Wealth Management LLC acquired a new stake in shares of First Trust Bloomberg R&D Leaders ETF during the 3rd quarter valued at approximately $25,000. IFP Advisors Inc boosted its holdings in First Trust Bloomberg R&D Leaders ETF by 12.9% in the third quarter. IFP Advisors Inc now owns 7,292 shares of the company’s stock worth $245,000 after purchasing an additional 831 shares during the period. Finally, Citadel Advisors LLC bought a new stake in First Trust Bloomberg R&D Leaders ETF during the second quarter valued at $1,037,000.

First Trust Bloomberg R&D Leaders ETF Company Profile

The First Trust Bloomberg R&D Leaders ETF (RND) is an exchange-traded fund that is based on the Bloomberg R&D Leaders Select TR index. The fund tracks a market cap-weighted index of 30-50 US stocks with substantial expenditures dedicated to research and development. RND was launched on Apr 30, 2024 and is issued by First Trust.