First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Sees Significant Decline in Short Interest

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 16,551 shares, a drop of 77.4% from the November 30th total of 73,269 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 40,685 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 40,685 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Trading of First Trust Innovation Leaders ETF

A number of hedge funds have recently made changes to their positions in ILDR. Citadel Advisors LLC purchased a new position in First Trust Innovation Leaders ETF in the third quarter worth $3,932,000. Geneos Wealth Management Inc. lifted its stake in First Trust Innovation Leaders ETF by 1,741.5% during the third quarter. Geneos Wealth Management Inc. now owns 93,919 shares of the company’s stock worth $3,042,000 after purchasing an additional 88,819 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in First Trust Innovation Leaders ETF during the third quarter worth about $2,493,000. Kraft Davis & Associates LLC purchased a new position in shares of First Trust Innovation Leaders ETF in the 2nd quarter worth about $1,873,000. Finally, Assetmark Inc. increased its position in shares of First Trust Innovation Leaders ETF by 55.1% during the 2nd quarter. Assetmark Inc. now owns 167,000 shares of the company’s stock valued at $4,915,000 after purchasing an additional 59,322 shares during the last quarter.

First Trust Innovation Leaders ETF Stock Up 0.4%

Shares of ILDR stock traded up $0.12 during trading on Thursday, hitting $33.56. The company had a trading volume of 7,047 shares, compared to its average volume of 39,728. The stock’s 50-day moving average is $33.15 and its two-hundred day moving average is $31.43. The stock has a market capitalization of $184.58 million, a price-to-earnings ratio of 39.35 and a beta of 1.23. First Trust Innovation Leaders ETF has a 52 week low of $19.74 and a 52 week high of $34.82.

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.