Short Interest in First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Increases By 115.3%

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 119,149 shares, an increase of 115.3% from the April 30th total of 55,334 shares. Based on an average trading volume of 40,339 shares, the short-interest ratio is presently 3.0 days. Currently, 1.7% of the shares of the company are short sold.

First Trust Innovation Leaders ETF Price Performance

Shares of ILDR stock traded up $0.62 on Friday, hitting $39.81. 19,044 shares of the stock traded hands, compared to its average volume of 63,634. First Trust Innovation Leaders ETF has a 52 week low of $26.37 and a 52 week high of $39.81. The firm has a 50 day simple moving average of $34.04 and a two-hundred day simple moving average of $33.04. The firm has a market cap of $278.67 million, a price-to-earnings ratio of 39.35 and a beta of 1.27.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ILDR. LPL Financial LLC boosted its holdings in First Trust Innovation Leaders ETF by 36.1% in the 4th quarter. LPL Financial LLC now owns 1,698,125 shares of the company’s stock worth $56,021,000 after buying an additional 450,296 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in First Trust Innovation Leaders ETF by 1,675.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 233,684 shares of the company’s stock worth $6,959,000 after buying an additional 220,521 shares during the period. Cetera Investment Advisers boosted its holdings in First Trust Innovation Leaders ETF by 142.1% in the 1st quarter. Cetera Investment Advisers now owns 272,975 shares of the company’s stock worth $8,129,000 after buying an additional 160,204 shares during the period. Mach 1 Financial Group LLC bought a new position in First Trust Innovation Leaders ETF in the 4th quarter worth $4,025,000. Finally, Citadel Advisors LLC bought a new position in shares of First Trust Innovation Leaders ETF during the third quarter worth $3,932,000.

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.