First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND) Short Interest Up 758.1% in July

First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 21,625 shares, an increase of 758.1% from the June 30th total of 2,520 shares. Based on an average daily volume of 1,359 shares, the days-to-cover ratio is presently 15.9 days. Approximately 8.6% of the shares of the company are short sold.

First Trust Bloomberg R&D Leaders ETF Trading Down 0.1%

NYSEARCA RND traded down $0.02 on Friday, hitting $30.89. 503 shares of the company’s stock traded hands, compared to its average volume of 2,348. The firm’s 50-day moving average price is $31.68 and its two-hundred day moving average price is $30.25. The firm has a market capitalization of $7.72 million, a PE ratio of 34.30 and a beta of 1.24. First Trust Bloomberg R&D Leaders ETF has a 1-year low of $26.25 and a 1-year high of $32.68.

Institutional Investors Weigh In On First Trust Bloomberg R&D Leaders ETF

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in shares of First Trust Bloomberg R&D Leaders ETF during the 4th quarter worth about $627,000. IFP Advisors Inc boosted its stake in First Trust Bloomberg R&D Leaders ETF by 42.9% during the 4th quarter. IFP Advisors Inc now owns 6,528 shares of the company’s stock worth $198,000 after purchasing an additional 1,960 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in First Trust Bloomberg R&D Leaders ETF during the fourth quarter worth about $140,000.

First Trust Bloomberg R&D Leaders ETF Company Profile

The First Trust Bloomberg R&D Leaders ETF (RND) is an exchange-traded fund that is based on the Bloomberg R&D Leaders Select TR index. The fund tracks a market cap-weighted index of 30-50 US stocks with substantial expenditures dedicated to research and development. RND was launched on Apr 30, 2024 and is issued by First Trust.