Short Interest in First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Drops By 62.3%

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 17,736 shares, a drop of 62.3% from the February 12th total of 47,028 shares. Based on an average trading volume of 78,368 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 78,368 shares, the short-interest ratio is presently 0.2 days.

First Trust Innovation Leaders ETF Trading Up 0.4%

ILDR stock opened at $31.37 on Wednesday. The firm has a market cap of $214.88 million, a PE ratio of 39.35 and a beta of 1.23. The stock has a 50-day moving average price of $32.39 and a 200-day moving average price of $32.57. First Trust Innovation Leaders ETF has a 1-year low of $19.74 and a 1-year high of $35.28.

Hedge Funds Weigh In On First Trust Innovation Leaders ETF

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake in First Trust Innovation Leaders ETF by 88.6% during the first quarter. Jane Street Group LLC now owns 30,309 shares of the company’s stock worth $707,000 after acquiring an additional 14,238 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in First Trust Innovation Leaders ETF by 41.6% in the second quarter. Envestnet Asset Management Inc. now owns 32,507 shares of the company’s stock valued at $957,000 after purchasing an additional 9,544 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of First Trust Innovation Leaders ETF by 23.2% during the second quarter. AE Wealth Management LLC now owns 36,858 shares of the company’s stock valued at $1,085,000 after purchasing an additional 6,937 shares during the period. Prospera Financial Services Inc acquired a new position in shares of First Trust Innovation Leaders ETF during the second quarter valued at about $1,461,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of First Trust Innovation Leaders ETF during the 2nd quarter worth about $206,000.

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.