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

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 14,175 shares, a drop of 96.3% from the July 15th total of 387,929 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 46,954 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust Innovation Leaders ETF

Several large investors have recently made changes to their positions in the company. LPL Financial LLC boosted its position in 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 worth $56,021,000 after purchasing an additional 450,296 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in First Trust Innovation Leaders ETF by 1,675.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 233,684 shares of the company’s stock valued at $6,959,000 after purchasing an additional 220,521 shares during the period. Cetera Investment Advisers increased its position in shares of First Trust Innovation Leaders ETF by 142.1% in the first quarter. Cetera Investment Advisers now owns 272,975 shares of the company’s stock valued at $8,129,000 after buying an additional 160,204 shares in the last quarter. Mach 1 Financial Group LLC purchased a new stake in shares of First Trust Innovation Leaders ETF in the fourth quarter valued at approximately $4,025,000. Finally, Citadel Advisors LLC acquired a new position in shares of First Trust Innovation Leaders ETF during the 3rd quarter worth approximately $3,932,000.

First Trust Innovation Leaders ETF Price Performance

NYSEARCA:ILDR traded up $0.26 during trading hours on Thursday, reaching $39.99. The company had a trading volume of 10,057 shares, compared to its average volume of 62,007. First Trust Innovation Leaders ETF has a 1-year low of $28.19 and a 1-year high of $40.99. The business’s 50 day moving average price is $37.98 and its 200-day moving average price is $34.90. The firm has a market cap of $323.92 million, a PE ratio of 39.35 and a beta of 1.30.

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.