First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Shares Shorted: Short Interest Down 46.9% in October

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 31,215 shares, a decline of 46.9% from the September 30th total of 58,776 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 49,664 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of First Trust Innovation Leaders ETF

Several hedge funds have recently added to or reduced their stakes in the business. Triton Wealth Management PLLC grew its stake in shares of First Trust Innovation Leaders ETF by 4.3% in the first quarter. Triton Wealth Management PLLC now owns 7,344 shares of the company’s stock worth $224,000 after purchasing an additional 300 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of First Trust Innovation Leaders ETF by 3.9% during the third quarter. Apollon Wealth Management LLC now owns 13,329 shares of the company’s stock valued at $526,000 after purchasing an additional 506 shares in the last quarter. Balance Wealth Partners LLC bought a new stake in shares of First Trust Innovation Leaders ETF during the third quarter valued at about $36,000. TD Waterhouse Canada Inc. raised its stake in shares of First Trust Innovation Leaders ETF by 18.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,611 shares of the company’s stock valued at $261,000 after purchasing an additional 1,034 shares in the last quarter. Finally, Morey & Quinn Wealth Partners LLC lifted its holdings in First Trust Innovation Leaders ETF by 5.3% in the third quarter. Morey & Quinn Wealth Partners LLC now owns 26,304 shares of the company’s stock worth $1,039,000 after purchasing an additional 1,319 shares during the period.

First Trust Innovation Leaders ETF Price Performance

Shares of NYSEARCA ILDR traded down $1.70 during midday trading on Friday, hitting $36.02. 71,019 shares of the company’s stock were exchanged, compared to its average volume of 58,735. The stock’s 50 day moving average price is $38.85 and its 200-day moving average price is $35.96. The firm has a market cap of $333.19 million, a P/E ratio of 39.35 and a beta of 1.30. First Trust Innovation Leaders ETF has a twelve month low of $28.19 and a twelve month high of $41.10.

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.