First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 940 shares. Based on an average daily volume of 2,404 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s stock are sold short.
First Trust Bloomberg R&D Leaders ETF Stock Up 0.8%
First Trust Bloomberg R&D Leaders ETF stock opened at $32.66 on Monday. The firm has a market cap of $9.80 million, a price-to-earnings ratio of 34.30 and a beta of 1.23. First Trust Bloomberg R&D Leaders ETF has a 52 week low of $26.25 and a 52 week high of $34.41. The business’s 50-day moving average price is $33.25 and its 200 day moving average price is $31.21.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in shares of First Trust Bloomberg R&D Leaders ETF by 12.9% during the third quarter. IFP Advisors Inc now owns 7,292 shares of the company’s stock worth $245,000 after purchasing an additional 831 shares during the last quarter. GK Wealth Management LLC acquired a new stake in First Trust Bloomberg R&D Leaders ETF during the third quarter worth approximately $25,000. Finally, Citadel Advisors LLC purchased a new stake in First Trust Bloomberg R&D Leaders ETF in the 2nd quarter valued at about $1,037,000.
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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