First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 11,936 shares, a drop of 40.9% from the July 30th total of 20,185 shares. Currently, 4.0% of the shares of the company are sold short. Based on an average daily trading volume, of 5,959 shares, the days-to-cover ratio is currently 2.0 days.
Hedge Funds Weigh In On First Trust Bloomberg R&D Leaders ETF
A number of hedge funds have recently modified their holdings of RND. Citadel Advisors LLC acquired a new stake in shares of First Trust Bloomberg R&D Leaders ETF in the second quarter valued at approximately $1,037,000. Jane Street Group LLC bought a new position in First Trust Bloomberg R&D Leaders ETF in the 4th quarter valued at $627,000. International Assets Investment Management LLC bought a new position in First Trust Bloomberg R&D Leaders ETF in the 4th quarter valued at $140,000. Finally, IFP Advisors Inc increased its stake in shares of First Trust Bloomberg R&D Leaders ETF by 42.9% in the 4th quarter. IFP Advisors Inc now owns 6,528 shares of the company’s stock valued at $198,000 after buying an additional 1,960 shares during the period.
First Trust Bloomberg R&D Leaders ETF Stock Performance
Shares of First Trust Bloomberg R&D Leaders ETF stock remained flat at $32.73 during trading on Wednesday. 276 shares of the stock traded hands, compared to its average volume of 2,547. The firm has a market cap of $9.82 million, a P/E ratio of 34.30 and a beta of 1.25. The business’s fifty day simple moving average is $32.22 and its two-hundred day simple moving average is $30.75. First Trust Bloomberg R&D Leaders ETF has a 1-year low of $26.25 and a 1-year high of $33.68.
About First Trust Bloomberg R&D Leaders ETF
The First Trust Bloomberg R&D Leaders ETF (RND) is an exchange-traded fund that is based on the Bloomberg R&D Leaders Select TR index. The fund tracks a market cap-weighted index of 30-50 US stocks with substantial expenditures dedicated to research and development. RND was launched on Apr 30, 2024 and is issued by First Trust.
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