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

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 40,044 shares, a drop of 66.4% from the May 14th total of 119,149 shares. Based on an average trading volume of 35,577 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the company’s shares are short sold.

First Trust Innovation Leaders ETF Price Performance

Shares of ILDR opened at $36.66 on Thursday. First Trust Innovation Leaders ETF has a 1-year low of $27.49 and a 1-year high of $40.84. The stock has a market cap of $256.62 million, a PE ratio of 39.35 and a beta of 1.29. The firm has a 50-day simple moving average of $35.51 and a two-hundred day simple moving average of $33.39.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its holdings in shares of First Trust Innovation Leaders ETF by 36.1% in the fourth quarter. LPL Financial LLC now owns 1,698,125 shares of the company’s stock valued at $56,021,000 after purchasing an additional 450,296 shares in the last quarter. Cetera Investment Advisers grew its holdings 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 in the last quarter. Atria Investments Inc grew its holdings in shares of First Trust Innovation Leaders ETF by 0.5% in the fourth quarter. Atria Investments Inc now owns 262,910 shares of the company’s stock valued at $8,673,000 after purchasing an additional 1,286 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of First Trust Innovation Leaders ETF by 1,675.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 233,684 shares of the company’s stock valued at $6,959,000 after purchasing an additional 220,521 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of First Trust Innovation Leaders ETF by 15.3% in the first quarter. Assetmark Inc. now owns 233,218 shares of the company’s stock valued at $6,945,000 after purchasing an additional 30,989 shares in the last quarter.

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.