First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Short Interest Update

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 16,551 shares, a decline of 77.4% from the November 30th total of 73,269 shares. Based on an average trading volume of 40,685 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 40,685 shares, the short-interest ratio is currently 0.4 days.

First Trust Innovation Leaders ETF Stock Performance

Shares of ILDR traded down $0.09 during mid-day trading on Friday, reaching $33.47. The stock had a trading volume of 18,902 shares, compared to its average volume of 39,643. The firm has a market cap of $184.09 million, a price-to-earnings ratio of 39.35 and a beta of 1.23. First Trust Innovation Leaders ETF has a 12 month low of $19.74 and a 12 month high of $34.82. The business has a fifty day moving average of $33.17 and a 200 day moving average of $31.48.

Hedge Funds Weigh In On First Trust Innovation Leaders ETF

Institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in First Trust Innovation Leaders ETF in the third quarter worth about $3,932,000. Geneos Wealth Management Inc. raised its holdings in shares of First Trust Innovation Leaders ETF by 1,741.5% in the third quarter. Geneos Wealth Management Inc. now owns 93,919 shares of the company’s stock worth $3,042,000 after buying an additional 88,819 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust Innovation Leaders ETF in the third quarter worth approximately $2,493,000. Kraft Davis & Associates LLC bought a new stake in shares of First Trust Innovation Leaders ETF during the 2nd quarter worth approximately $1,873,000. Finally, Assetmark Inc. boosted its holdings in First Trust Innovation Leaders ETF by 55.1% during the 2nd quarter. Assetmark Inc. now owns 167,000 shares of the company’s stock valued at $4,915,000 after acquiring an additional 59,322 shares during the period.

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.