First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Shares Shorted: Short Interest Up 271.7% in September

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 58,776 shares, an increase of 271.7% from the September 15th total of 15,811 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 56,160 shares, the days-to-cover ratio is currently 1.0 days.

First Trust Innovation Leaders ETF Stock Down 0.6%

Shares of ILDR traded down $0.22 during midday trading on Tuesday, reaching $39.59. The company had a trading volume of 10,776 shares, compared to its average volume of 59,436. First Trust Innovation Leaders ETF has a 1-year low of $28.19 and a 1-year high of $41.10. The stock has a market cap of $354.29 million, a PE ratio of 39.35 and a beta of 1.30. The firm has a 50 day simple moving average of $39.23 and a 200-day simple moving average of $37.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ILDR. Integrated Wealth Concepts LLC purchased a new position in First Trust Innovation Leaders ETF during the second quarter worth about $52,000. Fifth Third Bancorp boosted its holdings in First Trust Innovation Leaders ETF by 690.2% in the 1st quarter. Fifth Third Bancorp now owns 5,152 shares of the company’s stock valued at $153,000 after purchasing an additional 4,500 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in First Trust Innovation Leaders ETF by 22.9% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,577 shares of the company’s stock valued at $216,000 after purchasing an additional 1,041 shares during the last quarter. Triton Wealth Management PLLC boosted its holdings in First Trust Innovation Leaders ETF by 4.3% in the 1st quarter. Triton Wealth Management PLLC now owns 7,344 shares of the company’s stock valued at $224,000 after purchasing an additional 300 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in shares of First Trust Innovation Leaders ETF in the 1st quarter valued at approximately $374,000.

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.