Short Interest in First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Drops By 96.3%

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 14,175 shares, a drop of 96.3% from the July 15th total of 387,929 shares. Based on an average daily volume of 46,954 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of First Trust Innovation Leaders ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ILDR. Triton Wealth Management PLLC raised its holdings in First Trust Innovation Leaders ETF by 4.3% in the first quarter. Triton Wealth Management PLLC now owns 7,344 shares of the company’s stock valued at $224,000 after acquiring an additional 300 shares in the last quarter. &PARTNERS grew its holdings in First Trust Innovation Leaders ETF by 8.0% during the 4th quarter. &PARTNERS now owns 13,031 shares of the company’s stock worth $432,000 after acquiring an additional 964 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in First Trust Innovation Leaders ETF by 1.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 95,031 shares of the company’s stock worth $3,135,000 after acquiring an additional 1,112 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of First Trust Innovation Leaders ETF in the 4th quarter worth about $40,000. Finally, Creative Financial Designs Inc. ADV increased its position in shares of First Trust Innovation Leaders ETF by 1.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 70,814 shares of the company’s stock worth $2,336,000 after purchasing an additional 1,204 shares during the last quarter.

First Trust Innovation Leaders ETF Stock Down 0.2%

Shares of ILDR traded down $0.08 during trading on Tuesday, reaching $39.17. The company’s stock had a trading volume of 126,487 shares, compared to its average volume of 62,368. The company has a fifty day moving average of $37.99 and a two-hundred day moving average of $34.86. First Trust Innovation Leaders ETF has a twelve month low of $28.19 and a twelve month high of $40.99. The company has a market cap of $317.28 million, a price-to-earnings ratio of 39.35 and a beta of 1.30.

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.