Short Interest in First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Expands By 75.5%

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 55,334 shares, a growth of 75.5% from the April 15th total of 31,533 shares. Based on an average trading volume of 39,071 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. LPL Financial LLC increased its stake in shares of First Trust Innovation Leaders ETF by 36.1% in the fourth quarter. LPL Financial LLC now owns 1,698,125 shares of the company’s stock valued at $56,021,000 after buying an additional 450,296 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of First Trust Innovation Leaders ETF by 1,675.3% in 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 buying an additional 220,521 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of First Trust Innovation Leaders ETF by 142.1% in the first quarter. Cetera Investment Advisers now owns 272,975 shares of the company’s stock valued at $8,129,000 after buying an additional 160,204 shares in the last quarter. Mach 1 Financial Group LLC acquired a new stake in shares of First Trust Innovation Leaders ETF in the fourth quarter valued at $4,025,000. Finally, Citadel Advisors LLC acquired a new stake in shares of First Trust Innovation Leaders ETF in the third quarter valued at $3,932,000.

First Trust Innovation Leaders ETF Price Performance

First Trust Innovation Leaders ETF stock opened at $36.29 on Wednesday. The stock has a fifty day moving average price of $32.89 and a two-hundred day moving average price of $32.78. First Trust Innovation Leaders ETF has a 52-week low of $25.91 and a 52-week high of $38.02. The firm has a market capitalization of $254.03 million, a P/E ratio of 39.35 and a beta of 1.27.

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.