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

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 41,056 shares, a growth of 131.5% from the February 26th total of 17,736 shares. Based on an average daily volume of 78,273 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Mutual Advisors LLC bought a new stake in shares of First Trust Innovation Leaders ETF during the 3rd quarter valued at approximately $742,000. Apeiron RIA LLC bought a new position in First Trust Innovation Leaders ETF in the 3rd quarter valued at approximately $626,000. Creative Financial Designs Inc. ADV boosted its position in First Trust Innovation Leaders ETF by 36.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 69,610 shares of the company’s stock valued at $2,255,000 after buying an additional 18,470 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in First Trust Innovation Leaders ETF by 53.8% in the third quarter. Envestnet Asset Management Inc. now owns 50,006 shares of the company’s stock valued at $1,620,000 after buying an additional 17,499 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of First Trust Innovation Leaders ETF during the third quarter worth $995,000.

First Trust Innovation Leaders ETF Trading Down 3.1%

First Trust Innovation Leaders ETF stock traded down $0.91 during trading hours on Friday, reaching $28.75. 56,755 shares of the stock were exchanged, compared to its average volume of 82,079. First Trust Innovation Leaders ETF has a twelve month low of $19.74 and a twelve month high of $35.28. The company has a market cap of $196.94 million, a P/E ratio of 39.35 and a beta of 1.23. The stock has a 50 day moving average of $31.55 and a two-hundred day moving average of $32.55.

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.