First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Short Interest Up 323.5% in August

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 60,025 shares, an increase of 323.5% from the July 30th total of 14,175 shares. Based on an average daily volume of 56,432 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Trading of First Trust Innovation Leaders ETF

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised 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 worth $90,000 after purchasing an additional 2,142 shares during the period. Triumph Capital Management acquired a new stake in shares of First Trust Innovation Leaders ETF during the 3rd quarter worth approximately $136,000. Geneos Wealth Management Inc. purchased a new stake in shares of First Trust Innovation Leaders ETF during the 2nd quarter valued at approximately $150,000. Fifth Third Bancorp raised its position in shares of First Trust Innovation Leaders ETF by 690.2% during 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 period. Finally, Raymond James Financial Inc. acquired a new position in First Trust Innovation Leaders ETF in the second quarter valued at approximately $156,000.

First Trust Innovation Leaders ETF Stock Up 1.7%

Shares of NYSEARCA ILDR traded up $0.66 during midday trading on Thursday, reaching $39.43. 19,753 shares of the stock were exchanged, compared to its average volume of 61,398. The firm has a 50-day simple moving average of $38.16 and a two-hundred day simple moving average of $35.34. First Trust Innovation Leaders ETF has a twelve month low of $28.19 and a twelve month high of $40.99. The firm has a market cap of $319.38 million, a price-to-earnings ratio of 39.35 and a beta of 1.30.

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.