Short Interest in First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND) Decreases By 40.9%

First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 11,936 shares, a drop of 40.9% from the July 30th total of 20,185 shares. Based on an average trading volume of 5,959 shares, the short-interest ratio is currently 2.0 days. Approximately 4.0% of the shares of the stock are sold short.

First Trust Bloomberg R&D Leaders ETF Stock Down 0.7%

Shares of NYSEARCA:RND traded down $0.23 during trading on Tuesday, reaching $32.73. 276 shares of the company traded hands, compared to its average volume of 2,547. The firm has a market capitalization of $9.82 million, a PE ratio of 34.30 and a beta of 1.25. First Trust Bloomberg R&D Leaders ETF has a 52 week low of $26.25 and a 52 week high of $33.68. The company’s 50 day moving average is $32.18 and its two-hundred day moving average is $30.72.

Hedge Funds Weigh In On First Trust Bloomberg R&D Leaders ETF

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of First Trust Bloomberg R&D Leaders ETF in the 4th quarter valued at approximately $627,000. International Assets Investment Management LLC acquired a new position in First Trust Bloomberg R&D Leaders ETF during the fourth quarter valued at approximately $140,000. Finally, IFP Advisors Inc raised its position in First Trust Bloomberg R&D Leaders ETF by 42.9% during the fourth quarter. IFP Advisors Inc now owns 6,528 shares of the company’s stock valued at $198,000 after purchasing an additional 1,960 shares in the last quarter.

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.