First Trust Innovation Leaders ETF (NYSEARCA:ILDR – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 60,025 shares, an increase of 323.5% from the July 30th total of 14,175 shares. Based on an average daily trading volume, of 56,432 shares, the short-interest ratio is currently 1.1 days. Approximately 0.7% of the company’s stock are sold short.
Institutional Trading of First Trust Innovation Leaders ETF
Large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in First Trust Innovation Leaders ETF during the fourth quarter worth about $527,000. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of First Trust Innovation Leaders ETF by 1,675.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 233,684 shares of the company’s stock valued at $6,959,000 after buying an additional 220,521 shares in the last quarter. Mach 1 Financial Group LLC bought a new position in First Trust Innovation Leaders ETF in the 4th quarter worth approximately $4,025,000. HBW Advisory Services LLC grew its stake in First Trust Innovation Leaders ETF by 13.3% in the 1st quarter. HBW Advisory Services LLC now owns 148,261 shares of the company’s stock valued at $4,415,000 after buying an additional 17,357 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in First Trust Innovation Leaders ETF by 15.3% during the 1st quarter. Assetmark Inc. now owns 233,218 shares of the company’s stock valued at $6,945,000 after acquiring an additional 30,989 shares during the period.
First Trust Innovation Leaders ETF Price Performance
Shares of ILDR stock traded down $0.03 during trading hours on Wednesday, reaching $38.68. The company had a trading volume of 18,748 shares, compared to its average volume of 61,544. The company has a market cap of $313.31 million, a price-to-earnings ratio of 39.35 and a beta of 1.30. First Trust Innovation Leaders ETF has a 12 month low of $28.19 and a 12 month high of $40.99. The business has a fifty day simple moving average of $38.15 and a 200-day simple moving average of $35.28.
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.
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