First Trust Innovation Leaders ETF (NYSEARCA:ILDR – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 15,811 shares, a drop of 70.4% from the August 31st total of 53,401 shares. Based on an average daily trading volume, of 43,018 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.
First Trust Innovation Leaders ETF Stock Performance
Shares of First Trust Innovation Leaders ETF stock traded down $0.58 on Monday, hitting $39.38. 37,438 shares of the company traded hands, compared to its average volume of 59,544. The stock has a market capitalization of $344.57 million, a P/E ratio of 39.35 and a beta of 1.30. First Trust Innovation Leaders ETF has a 52 week low of $28.19 and a 52 week high of $40.99. The business has a 50-day simple moving average of $38.47 and a 200 day simple moving average of $36.53.
Institutional Trading of First Trust Innovation Leaders ETF
A number of institutional investors and hedge funds have recently bought and sold shares of ILDR. Patriot Financial Group Insurance Agency LLC lifted its stake in First Trust Innovation Leaders ETF by 1,675.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 233,684 shares of the company’s stock worth $6,959,000 after purchasing an additional 220,521 shares in the last quarter. Cetera Investment Advisers grew its position in shares of First Trust Innovation Leaders ETF by 142.1% during the first quarter. Cetera Investment Advisers now owns 272,975 shares of the company’s stock valued at $8,129,000 after purchasing an additional 160,204 shares in the last quarter. Kestra Private Wealth Services LLC bought a new stake in shares of First Trust Innovation Leaders ETF in the first quarter worth about $3,549,000. RFG Advisory LLC increased its holdings in shares of First Trust Innovation Leaders ETF by 133.0% in the second quarter. RFG Advisory LLC now owns 57,415 shares of the company’s stock worth $2,253,000 after purchasing an additional 32,777 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of First Trust Innovation Leaders ETF by 15.3% in the first quarter. Assetmark Inc. now owns 233,218 shares of the company’s stock worth $6,945,000 after purchasing an additional 30,989 shares during the last quarter.
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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