First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Stock Short Interest Jumps 271.7%

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 58,776 shares, an increase of 271.7% from the September 15th total of 15,811 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 56,160 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On First Trust Innovation Leaders ETF

Several hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in shares of First Trust Innovation Leaders ETF in the 2nd quarter valued at about $52,000. Fifth Third Bancorp grew its holdings in 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 last quarter. TD Waterhouse Canada Inc. increased its position in First Trust Innovation Leaders ETF by 22.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,577 shares of the company’s stock worth $216,000 after purchasing an additional 1,041 shares in the last quarter. Triton Wealth Management PLLC grew its holdings in shares of First Trust Innovation Leaders ETF by 4.3% during the first quarter. Triton Wealth Management PLLC now owns 7,344 shares of the company’s stock worth $224,000 after buying an additional 300 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in First Trust Innovation Leaders ETF in the 1st quarter worth approximately $374,000.

First Trust Innovation Leaders ETF Stock Down 1.3%

First Trust Innovation Leaders ETF stock traded down $0.54 during mid-day trading on Monday, hitting $39.81. The company had a trading volume of 34,168 shares, compared to its average volume of 59,696. First Trust Innovation Leaders ETF has a 1 year low of $28.19 and a 1 year high of $41.10. The business has a fifty day moving average of $39.18 and a 200 day moving average of $37.18. The stock has a market cap of $356.30 million, a price-to-earnings ratio of 39.35 and a beta of 1.30.

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.