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

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 14,175 shares, a decline of 96.3% from the July 15th total of 387,929 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 46,954 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ILDR. Assetmark Inc. increased its stake in First Trust Innovation Leaders ETF by 17.3% during the 4th quarter. Assetmark Inc. now owns 202,229 shares of the company’s stock worth $6,672,000 after buying an additional 29,785 shares during the period. International Assets Investment Management LLC purchased a new position in First Trust Innovation Leaders ETF in the 4th quarter valued at about $527,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of First Trust Innovation Leaders ETF by 1,675.3% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 233,684 shares of the company’s stock valued at $6,959,000 after acquiring an additional 220,521 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of First Trust Innovation Leaders ETF by 4,951.7% during the fourth quarter. Farther Finance Advisors LLC now owns 32,937 shares of the company’s stock valued at $1,087,000 after acquiring an additional 32,285 shares in the last quarter. Finally, HBW Advisory Services LLC increased its position in shares of First Trust Innovation Leaders ETF by 13.3% during the first quarter. HBW Advisory Services LLC now owns 148,261 shares of the company’s stock worth $4,415,000 after acquiring an additional 17,357 shares during the last quarter.

First Trust Innovation Leaders ETF Price Performance

NYSEARCA ILDR traded down $0.08 on Tuesday, reaching $39.17. The company had a trading volume of 126,487 shares, compared to its average volume of 62,368. First Trust Innovation Leaders ETF has a 1 year low of $28.19 and a 1 year high of $40.99. The firm has a 50-day moving average of $37.99 and a 200-day moving average of $34.86. The firm has a market capitalization of $317.28 million, a PE 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.