First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Stock Short Interest Declines 46.9%

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

First Trust Innovation Leaders ETF Trading Down 4.5%

ILDR traded down $1.70 on Friday, hitting $36.02. 71,019 shares of the company’s stock were exchanged, compared to its average volume of 58,735. First Trust Innovation Leaders ETF has a fifty-two week low of $28.19 and a fifty-two week high of $41.10. The stock has a market cap of $329.58 million, a price-to-earnings ratio of 39.35 and a beta of 1.30. The firm has a 50-day moving average price of $38.85 and a 200-day moving average price of $35.96.

Institutional Trading of First Trust Innovation Leaders ETF

Large investors have recently bought and sold shares of the business. Morey & Quinn Wealth Partners LLC raised its holdings in First Trust Innovation Leaders ETF by 5.3% in the 3rd quarter. Morey & Quinn Wealth Partners LLC now owns 26,304 shares of the company’s stock valued at $1,039,000 after acquiring an additional 1,319 shares during the last quarter. D.A. Davidson & CO. acquired a new position in shares of First Trust Innovation Leaders ETF during the 3rd quarter worth approximately $217,000. Balance Wealth Partners LLC acquired a new position in shares of First Trust Innovation Leaders ETF during the 3rd quarter worth approximately $36,000. CPR Investments Inc. purchased a new stake in shares of First Trust Innovation Leaders ETF in the third quarter valued at approximately $1,286,000. Finally, Apollon Wealth Management LLC grew its position in shares of First Trust Innovation Leaders ETF by 3.9% in 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.

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.