First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Sees Large Decrease in Short Interest

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 15,811 shares, a decrease of 70.4% from the August 31st total of 53,401 shares. Based on an average daily volume of 43,018 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

First Trust Innovation Leaders ETF Price Performance

NYSEARCA:ILDR opened at $39.96 on Friday. The business’s 50-day moving average is $38.47 and its two-hundred day moving average is $36.49. The firm has a market capitalization of $349.65 million, a PE ratio of 39.35 and a beta of 1.30. First Trust Innovation Leaders ETF has a 12 month low of $28.19 and a 12 month high of $40.99.

Institutional Investors Weigh In On First Trust Innovation Leaders ETF

Hedge funds have recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC boosted its holdings in First Trust Innovation Leaders ETF by 1,675.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 233,684 shares of the company’s stock worth $6,959,000 after acquiring an additional 220,521 shares during the period. Cetera Investment Advisers grew its position in 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 acquiring an additional 160,204 shares in the last quarter. HBW Advisory Services LLC raised its stake in shares of First Trust Innovation Leaders ETF by 13.3% during the first quarter. HBW Advisory Services LLC now owns 148,261 shares of the company’s stock valued at $4,415,000 after purchasing an additional 17,357 shares during the period. Assetmark Inc. raised its stake in shares of First Trust Innovation Leaders ETF by 15.3% during 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 during the period. Finally, Legacy Wealth Managment LLC ID acquired a new position in shares of First Trust Innovation Leaders ETF during the first quarter worth $770,000.

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.