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

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 55,334 shares, a growth of 75.5% from the April 15th total of 31,533 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 39,071 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On First Trust Innovation Leaders ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC purchased a new stake in First Trust Innovation Leaders ETF during the 4th quarter worth approximately $40,000. Bank of America Corp DE increased its stake in First Trust Innovation Leaders ETF by 328.5% during the 3rd quarter. Bank of America Corp DE now owns 2,794 shares of the company’s stock worth $90,000 after buying an additional 2,142 shares during the period. Golden State Wealth Management LLC purchased a new stake in First Trust Innovation Leaders ETF during the 3rd quarter worth approximately $113,000. Triumph Capital Management purchased a new stake in First Trust Innovation Leaders ETF during the 3rd quarter worth approximately $136,000. Finally, Geneos Wealth Management Inc. purchased a new stake in First Trust Innovation Leaders ETF during the 2nd quarter worth approximately $150,000.

First Trust Innovation Leaders ETF Stock Performance

Shares of First Trust Innovation Leaders ETF stock traded down $0.42 on Monday, reaching $36.56. The company had a trading volume of 12,897 shares, compared to its average volume of 65,757. The firm’s 50 day moving average price is $32.67 and its two-hundred day moving average price is $32.76. The firm has a market cap of $255.92 million, a PE ratio of 39.35 and a beta of 1.27. First Trust Innovation Leaders ETF has a 52-week low of $25.91 and a 52-week high of $38.02.

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.