First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Short Interest Up 39.1% in February

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 47,028 shares, a growth of 39.1% from the January 29th total of 33,808 shares. Based on an average daily trading volume, of 91,507 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 91,507 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of First Trust Innovation Leaders ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mutual Advisors LLC acquired a new position in First Trust Innovation Leaders ETF during the 3rd quarter worth $742,000. Apeiron RIA LLC bought a new position in shares of First Trust Innovation Leaders ETF during the third quarter worth about $626,000. AE Wealth Management LLC lifted its position in shares of First Trust Innovation Leaders ETF by 23.2% during the second quarter. AE Wealth Management LLC now owns 36,858 shares of the company’s stock worth $1,085,000 after purchasing an additional 6,937 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in First Trust Innovation Leaders ETF by 36.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 69,610 shares of the company’s stock worth $2,255,000 after purchasing an additional 18,470 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new stake in First Trust Innovation Leaders ETF in the second quarter valued at about $1,461,000.

First Trust Innovation Leaders ETF Stock Performance

NYSEARCA:ILDR opened at $31.12 on Monday. The stock has a market cap of $213.17 million, a price-to-earnings ratio of 39.35 and a beta of 1.23. First Trust Innovation Leaders ETF has a one year low of $19.74 and a one year high of $35.28. The business’s 50-day simple moving average is $32.72 and its 200 day simple moving average is $32.53.

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.