First Trust Innovation Leaders ETF (NYSEARCA:ILDR – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 31,215 shares, a drop of 46.9% from the September 30th total of 58,776 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 49,664 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Investors Weigh In On First Trust Innovation Leaders ETF
A number of large investors have recently added to or reduced their stakes in ILDR. Cetera Investment Advisers grew its position in shares of First Trust Innovation Leaders ETF by 142.1% in 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 during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in First Trust Innovation Leaders ETF during the 3rd quarter worth approximately $4,481,000. Arwa LLC acquired a new stake in First Trust Innovation Leaders ETF during the 3rd quarter worth approximately $2,571,000. HBW Advisory Services LLC lifted its holdings in First Trust Innovation Leaders ETF by 34.4% during the 3rd quarter. HBW Advisory Services LLC now owns 230,259 shares of the company’s stock worth $9,095,000 after purchasing an additional 58,943 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in First Trust Innovation Leaders ETF in the 3rd quarter valued at $2,174,000.
First Trust Innovation Leaders ETF Stock Performance
NYSEARCA:ILDR traded down $0.75 during mid-day trading on Monday, hitting $35.27. The stock had a trading volume of 64,235 shares, compared to its average volume of 58,761. First Trust Innovation Leaders ETF has a twelve month low of $28.19 and a twelve month high of $41.10. The stock has a market cap of $326.25 million, a price-to-earnings ratio of 39.35 and a beta of 1.30. The company’s 50 day simple moving average is $38.85 and its 200 day simple moving average is $35.96.
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.
See Also
- Five stocks we like better than First Trust Innovation Leaders ETF
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for First Trust Innovation Leaders ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Innovation Leaders ETF and related companies with MarketBeat.com's FREE daily email newsletter.
