First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Short Interest Up 39.1% in February

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 47,028 shares, an increase of 39.1% from the January 29th total of 33,808 shares. Based on an average daily volume of 91,507 shares, the short-interest ratio is currently 0.5 days. Currently, 0.7% of the shares of the stock are sold short. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 91,507 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On First Trust Innovation Leaders ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC increased its stake in First Trust Innovation Leaders ETF by 36.1% in 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 in the last quarter. 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 valued at $8,673,000 after buying an additional 1,286 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of First Trust Innovation Leaders ETF by 17.3% in the fourth quarter. Assetmark Inc. now owns 202,229 shares of the company’s stock worth $6,672,000 after buying an additional 29,785 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of First Trust Innovation Leaders ETF by 26.3% in the fourth quarter. Osaic Holdings Inc. now owns 133,007 shares of the company’s stock worth $4,388,000 after buying an additional 27,729 shares during the period. Finally, Mach 1 Financial Group LLC purchased a new position in shares of First Trust Innovation Leaders ETF in the fourth quarter worth approximately $4,025,000.

First Trust Innovation Leaders ETF Stock Performance

Shares of NYSEARCA:ILDR opened at $31.12 on Monday. The stock has a market capitalization of $213.17 million, a price-to-earnings ratio of 39.35 and a beta of 1.23. First Trust Innovation Leaders ETF has a 1-year low of $19.74 and a 1-year high of $35.28. The company has a 50 day moving average price of $32.72 and a 200 day moving average price of $32.53.

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.