First Trust Innovation Leaders ETF (NYSEARCA:ILDR – Get Free Report) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 41,056 shares, a growth of 131.5% from the February 26th total of 17,736 shares. Based on an average trading volume of 78,273 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.6% of the company’s shares are sold short.
First Trust Innovation Leaders ETF Trading Down 3.1%
Shares of ILDR opened at $28.75 on Friday. The firm has a market capitalization of $196.94 million, a P/E ratio of 39.35 and a beta of 1.23. First Trust Innovation Leaders ETF has a 12-month low of $19.74 and a 12-month high of $35.28. The firm has a fifty day moving average price of $31.55 and a 200-day moving average price of $32.55.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC acquired a new stake in shares of First Trust Innovation Leaders ETF in the 4th quarter worth $40,000. Twin Peaks Wealth Advisors LLC acquired a new position in First Trust Innovation Leaders ETF during the 2nd quarter valued at about $68,000. Bank of America Corp DE raised its stake in First Trust Innovation Leaders ETF by 328.5% in the third quarter. Bank of America Corp DE now owns 2,794 shares of the company’s stock valued at $90,000 after buying an additional 2,142 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in First Trust Innovation Leaders ETF in the third quarter valued at about $113,000. Finally, Triumph Capital Management acquired a new stake in First Trust Innovation Leaders ETF in the third quarter worth about $136,000.
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.
Recommended Stories
Receive News & Ratings for First Trust Innovation Leaders ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Innovation Leaders ETF and related companies with MarketBeat.com's FREE daily email newsletter.
