Short Interest in First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Increases By 106.2%

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 34,131 shares, an increase of 106.2% from the December 15th total of 16,551 shares. Based on an average daily volume of 91,853 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 91,853 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On First Trust Innovation Leaders ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in shares of First Trust Innovation Leaders ETF by 3.3% in the third quarter. Assetmark Inc. now owns 172,444 shares of the company’s stock valued at $5,585,000 after buying an additional 5,444 shares during the period. Citadel Advisors LLC acquired a new stake in First Trust Innovation Leaders ETF in the 3rd quarter valued at about $3,932,000. Geneos Wealth Management Inc. boosted its position in shares of First Trust Innovation Leaders ETF by 1,741.5% during the 3rd quarter. Geneos Wealth Management Inc. now owns 93,919 shares of the company’s stock valued at $3,042,000 after purchasing an additional 88,819 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of First Trust Innovation Leaders ETF by 1.1% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 80,430 shares of the company’s stock valued at $2,367,000 after buying an additional 850 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Innovation Leaders ETF during the 3rd quarter valued at $2,493,000.

First Trust Innovation Leaders ETF Trading Up 0.9%

ILDR stock traded up $0.29 during trading on Friday, hitting $33.67. The company had a trading volume of 109,397 shares, compared to its average volume of 109,891. The firm has a market capitalization of $225.59 million, a price-to-earnings ratio of 39.35 and a beta of 1.23. The business has a 50 day moving average of $33.09 and a 200 day moving average of $32.01. First Trust Innovation Leaders ETF has a fifty-two week low of $19.74 and a fifty-two week high of $34.82.

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.