First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Sees Significant Growth in Short Interest

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the target of a large 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 trading volume, of 78,273 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.6% of the company’s stock are short sold.

First Trust Innovation Leaders ETF Price Performance

NYSEARCA:ILDR opened at $30.11 on Thursday. The company’s fifty day moving average price is $31.72 and its 200-day moving average price is $32.58. First Trust Innovation Leaders ETF has a 1-year low of $19.74 and a 1-year high of $35.28. The firm has a market capitalization of $206.25 million, a P/E ratio of 39.35 and a beta of 1.23.

Institutional Trading of First Trust Innovation Leaders ETF

Institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of First Trust Innovation Leaders ETF during the fourth quarter worth $40,000. Twin Peaks Wealth Advisors LLC acquired a new position in First Trust Innovation Leaders ETF in the second quarter valued at $68,000. Bank of America Corp DE raised its holdings in First Trust Innovation Leaders ETF by 328.5% during the third quarter. Bank of America Corp DE now owns 2,794 shares of the company’s stock worth $90,000 after purchasing an additional 2,142 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of First Trust Innovation Leaders ETF during the 3rd quarter worth approximately $113,000. Finally, Triumph Capital Management acquired a new stake in shares of First Trust Innovation Leaders ETF in the 3rd quarter valued at approximately $136,000.

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.