First Trust Innovation Leaders ETF (NYSEARCA:ILDR – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 58,776 shares, a growth of 271.7% from the September 15th total of 15,811 shares. Based on an average daily volume of 56,160 shares, the short-interest ratio is currently 1.0 days. Currently, 0.7% of the shares of the company are short sold.
Institutional Investors Weigh In On First Trust Innovation Leaders ETF
A number of institutional investors have recently bought and sold shares of ILDR. Integrated Wealth Concepts LLC acquired a new position in shares of First Trust Innovation Leaders ETF in the 2nd quarter valued at about $52,000. Fifth Third Bancorp lifted its position in shares of First Trust Innovation Leaders ETF by 690.2% during the 1st quarter. Fifth Third Bancorp now owns 5,152 shares of the company’s stock worth $153,000 after buying an additional 4,500 shares during the period. TD Waterhouse Canada Inc. grew its position in First Trust Innovation Leaders ETF by 22.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,577 shares of the company’s stock worth $216,000 after acquiring an additional 1,041 shares during the last quarter. Triton Wealth Management PLLC lifted its stake in shares of First Trust Innovation Leaders ETF by 4.3% during the first quarter. Triton Wealth Management PLLC now owns 7,344 shares of the company’s stock valued at $224,000 after acquiring an additional 300 shares during the period. Finally, Apollon Wealth Management LLC acquired a new position in shares of First Trust Innovation Leaders ETF during the 1st quarter worth about $374,000.
First Trust Innovation Leaders ETF Stock Up 1.1%
Shares of NYSEARCA ILDR traded up $0.44 during mid-day trading on Friday, hitting $40.35. 25,095 shares of the company were exchanged, compared to its average volume of 59,828. The firm has a market cap of $361.13 million, a price-to-earnings ratio of 39.35 and a beta of 1.30. The stock has a 50 day simple moving average of $39.18 and a 200-day simple moving average of $37.13. First Trust Innovation Leaders ETF has a 1-year low of $28.19 and a 1-year high of $41.10.
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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