First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Short Interest Update

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

First Trust Innovation Leaders ETF Price Performance

Shares of ILDR stock opened at $39.96 on Friday. The company’s fifty day moving average price is $38.47 and its two-hundred day moving average price is $36.49. The firm has a market capitalization of $349.65 million, a P/E 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 Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new position in shares of First Trust Innovation Leaders ETF in the second quarter worth about $52,000. Fifth Third Bancorp grew its stake in First Trust Innovation Leaders ETF by 690.2% during 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 in the last quarter. TD Waterhouse Canada Inc. grew its stake in First Trust Innovation Leaders ETF by 22.9% during 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 in the last quarter. Triton Wealth Management PLLC increased its holdings in First Trust Innovation Leaders ETF by 4.3% during the 1st quarter. Triton Wealth Management PLLC now owns 7,344 shares of the company’s stock worth $224,000 after purchasing an additional 300 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in First Trust Innovation Leaders ETF during the 1st quarter worth approximately $374,000.

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.