Short Interest in First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Drops By 13.1%

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 33,808 shares, a drop of 13.1% from the January 15th total of 38,895 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 102,877 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 102,877 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Trading of First Trust Innovation Leaders ETF

Hedge funds have recently bought and sold shares of the business. LPL Financial LLC raised its holdings 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 buying an additional 450,296 shares during the last quarter. Mach 1 Financial Group LLC bought a new stake in shares of First Trust Innovation Leaders ETF during the fourth quarter worth about $4,025,000. Citadel Advisors LLC acquired a new stake in shares of First Trust Innovation Leaders ETF in the 3rd quarter worth about $3,932,000. Geneos Wealth Management Inc. lifted its position in First Trust Innovation Leaders ETF by 1,741.5% in the 3rd quarter. Geneos Wealth Management Inc. now owns 93,919 shares of the company’s stock valued at $3,042,000 after acquiring an additional 88,819 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in First Trust Innovation Leaders ETF in the 3rd quarter valued at about $2,493,000.

First Trust Innovation Leaders ETF Stock Performance

Shares of NYSEARCA:ILDR opened at $31.34 on Tuesday. First Trust Innovation Leaders ETF has a 52-week low of $19.74 and a 52-week high of $35.28. The business’s 50 day simple moving average is $33.00 and its two-hundred day simple moving average is $32.45. The firm has a market cap of $214.68 million, a P/E ratio of 39.35 and a beta of 1.23.

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.