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

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 119,149 shares, an increase of 115.3% from the April 30th total of 55,334 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 40,339 shares, the short-interest ratio is currently 3.0 days.

Institutional Trading of First Trust Innovation Leaders ETF

A number of large investors have recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in shares of First Trust Innovation Leaders ETF in the fourth quarter valued at $40,000. Bank of America Corp DE boosted its stake in 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 buying an additional 2,142 shares during the period. Golden State Wealth Management LLC bought a new stake in First Trust Innovation Leaders ETF during the third quarter valued at $113,000. Triumph Capital Management bought a new stake in First Trust Innovation Leaders ETF during the third quarter valued at $136,000. Finally, Geneos Wealth Management Inc. bought a new stake in First Trust Innovation Leaders ETF during the second quarter valued at $150,000.

First Trust Innovation Leaders ETF Price Performance

Shares of First Trust Innovation Leaders ETF stock traded up $0.32 on Tuesday, hitting $40.54. 58,908 shares of the company’s stock traded hands, compared to its average volume of 63,922. First Trust Innovation Leaders ETF has a one year low of $27.03 and a one year high of $40.84. The company has a fifty day moving average of $34.23 and a two-hundred day moving average of $33.08. The company has a market capitalization of $283.78 million, a price-to-earnings ratio of 39.35 and a beta of 1.27.

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.