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

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) saw 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 daily volume of 67,237 shares, the days-to-cover ratio is presently 5.8 days. Currently, 5.0% of the company’s stock are sold short.

First Trust Innovation Leaders ETF Price Performance

Shares of ILDR opened at $36.27 on Monday. The stock’s 50-day moving average is $38.18 and its two-hundred day moving average is $34.54. The stock has a market cap of $282.91 million, a PE ratio of 39.35 and a beta of 1.29. First Trust Innovation Leaders ETF has a 12 month low of $28.19 and a 12 month high of $40.99.

Institutional Investors Weigh In On First Trust Innovation Leaders ETF

Several hedge funds have recently modified their holdings of ILDR. Sound Income Strategies LLC purchased a new position in First Trust Innovation Leaders ETF in the 4th quarter worth approximately $40,000. Bank of America Corp DE raised its stake in shares of 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 valued at $90,000 after purchasing an additional 2,142 shares during the period. Triumph Capital Management purchased a new stake in shares of First Trust Innovation Leaders ETF during the third quarter valued at approximately $136,000. Geneos Wealth Management Inc. purchased a new stake in First Trust Innovation Leaders ETF during the 2nd quarter worth $150,000. Finally, Fifth Third Bancorp boosted its position in First Trust Innovation Leaders ETF by 690.2% in the 1st quarter. Fifth Third Bancorp now owns 5,152 shares of the company’s stock valued at $153,000 after buying an additional 4,500 shares during the last quarter.

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.