First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Sees Large Decline in Short Interest

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the target of a large drop in short interest in 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 volume of 102,877 shares, the short-interest ratio is presently 0.3 days. Based on an average daily 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 Inflows and Outflows

Several hedge funds have recently made changes to their positions in ILDR. Jane Street Group LLC grew its position in First Trust Innovation Leaders ETF by 88.6% in the 1st quarter. Jane Street Group LLC now owns 30,309 shares of the company’s stock worth $707,000 after purchasing an additional 14,238 shares during the period. Strategic Blueprint LLC grew its holdings in shares of First Trust Innovation Leaders ETF by 8.9% in the second quarter. Strategic Blueprint LLC now owns 13,521 shares of the company’s stock worth $398,000 after acquiring an additional 1,102 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Innovation Leaders ETF by 41.6% in the second quarter. Envestnet Asset Management Inc. now owns 32,507 shares of the company’s stock worth $957,000 after acquiring an additional 9,544 shares during the period. Assetmark Inc. increased its position in First Trust Innovation Leaders ETF by 55.1% during the second quarter. Assetmark Inc. now owns 167,000 shares of the company’s stock valued at $4,915,000 after acquiring an additional 59,322 shares during the last quarter. Finally, Tradewinds LLC. bought a new position in First Trust Innovation Leaders ETF in the second quarter valued at about $1,730,000.

First Trust Innovation Leaders ETF Price Performance

First Trust Innovation Leaders ETF stock opened at $31.50 on Thursday. First Trust Innovation Leaders ETF has a one year low of $19.74 and a one year high of $35.28. The business’s fifty day moving average is $32.91 and its 200 day moving average is $32.46. The stock has a market capitalization of $215.78 million, a PE 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.