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

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 387,929 shares, a growth of 819.2% from the June 30th total of 42,202 shares. Based on an average trading volume of 67,237 shares, the days-to-cover ratio is currently 5.8 days. Currently, 5.0% of the shares of the company are short sold.

Institutional Trading of First Trust Innovation Leaders ETF

A number of hedge funds have recently bought and sold shares of ILDR. LPL Financial LLC lifted its holdings in 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 acquiring an additional 450,296 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of 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 purchasing an additional 220,521 shares during the period. Cetera Investment Advisers boosted 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 worth $8,129,000 after buying an additional 160,204 shares during the last quarter. Mach 1 Financial Group LLC purchased a new position in shares of First Trust Innovation Leaders ETF in the fourth quarter worth approximately $4,025,000. Finally, Citadel Advisors LLC bought a new stake in First Trust Innovation Leaders ETF during the third quarter valued at approximately $3,932,000.

First Trust Innovation Leaders ETF Trading Down 1.5%

NYSEARCA:ILDR traded down $0.54 during trading hours on Friday, reaching $36.27. The company had a trading volume of 33,599 shares, compared to its average volume of 63,009. The firm has a market cap of $282.91 million, a price-to-earnings ratio of 39.35 and a beta of 1.29. The firm’s 50 day moving average price is $38.18 and its 200-day moving average price is $34.53. First Trust Innovation Leaders ETF has a 52 week low of $28.19 and a 52 week high of $40.99.

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.