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

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 60,025 shares, a growth of 323.5% from the July 30th total of 14,175 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 56,432 shares, the days-to-cover ratio is currently 1.1 days.

First Trust Innovation Leaders ETF Trading Down 1.6%

ILDR traded down $0.62 on Friday, hitting $38.81. The company had a trading volume of 41,579 shares, compared to its average volume of 61,268. The company’s fifty day moving average price is $38.17 and its 200 day moving average price is $35.40. First Trust Innovation Leaders ETF has a 1 year low of $28.19 and a 1 year high of $40.99. The firm has a market cap of $314.36 million, a P/E ratio of 39.35 and a beta of 1.30.

Institutional Investors Weigh In On First Trust Innovation Leaders ETF

A number of institutional investors have recently made changes to their positions in the stock. LPL Financial LLC boosted its position in shares of First Trust Innovation Leaders ETF by 36.1% during the 4th 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 during the period. Cetera Investment Advisers raised its position in 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 purchasing an additional 160,204 shares during the period. Atria Investments Inc lifted its stake in First Trust Innovation Leaders ETF by 0.5% during the fourth quarter. Atria Investments Inc now owns 262,910 shares of the company’s stock worth $8,673,000 after purchasing an additional 1,286 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in shares of First Trust Innovation Leaders ETF by 1,675.3% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 233,684 shares of the company’s stock worth $6,959,000 after buying an additional 220,521 shares during the period. Finally, Assetmark Inc. boosted its position in shares of First Trust Innovation Leaders ETF by 15.3% during the first quarter. Assetmark Inc. now owns 233,218 shares of the company’s stock worth $6,945,000 after buying an additional 30,989 shares during the period.

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.