First Trust Innovation Leaders ETF (NYSEARCA:ILDR – Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 55,334 shares, a growth of 75.5% from the April 15th total of 31,533 shares. Based on an average daily volume of 39,071 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.8% of the company’s shares are short sold.
Institutional Investors Weigh In On First Trust Innovation Leaders ETF
A number of large investors have recently added to or reduced their stakes in ILDR. Jane Street Group LLC raised its stake in shares of First Trust Innovation Leaders ETF by 88.6% during the first quarter. Jane Street Group LLC now owns 30,309 shares of the company’s stock valued at $707,000 after acquiring an additional 14,238 shares during the last quarter. Betterment LLC purchased a new position in First Trust Innovation Leaders ETF during the 2nd quarter valued at about $346,000. Raymond James Financial Inc. bought a new position in First Trust Innovation Leaders ETF during the 2nd quarter valued at approximately $156,000. Geneos Wealth Management Inc. purchased a new stake in First Trust Innovation Leaders ETF in the 2nd quarter worth approximately $150,000. Finally, Arkadios Wealth Advisors purchased a new stake in First Trust Innovation Leaders ETF in the 3rd quarter worth approximately $243,000.
First Trust Innovation Leaders ETF Stock Down 2.1%
Shares of First Trust Innovation Leaders ETF stock traded down $0.79 on Tuesday, hitting $36.19. The stock had a trading volume of 959 shares, compared to its average volume of 65,921. First Trust Innovation Leaders ETF has a one year low of $25.91 and a one year high of $38.02. The stock has a market cap of $253.33 million, a price-to-earnings ratio of 39.35 and a beta of 1.27. The stock’s 50-day simple moving average is $32.78 and its two-hundred day simple moving average is $32.77.
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.
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