First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Sees Large Decrease in Short Interest

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

Institutional Investors Weigh In On First Trust Innovation Leaders ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ILDR. Twin Peaks Wealth Advisors LLC bought a new position in shares of First Trust Innovation Leaders ETF during the 2nd quarter worth approximately $68,000. Bank of America Corp DE lifted its holdings in First Trust Innovation Leaders ETF by 328.5% during the third quarter. Bank of America Corp DE now owns 2,794 shares of the company’s stock worth $90,000 after acquiring an additional 2,142 shares during the period. Golden State Wealth Management LLC purchased a new position in First Trust Innovation Leaders ETF in the third quarter worth $113,000. Triumph Capital Management bought a new position in First Trust Innovation Leaders ETF in the 3rd quarter valued at $136,000. Finally, Geneos Wealth Management Inc. bought a new position in First Trust Innovation Leaders ETF in the 2nd quarter valued at $150,000.

First Trust Innovation Leaders ETF Stock Performance

ILDR traded up $0.12 during mid-day trading on Thursday, reaching $33.56. 7,047 shares of the stock were exchanged, compared to its average volume of 39,728. First Trust Innovation Leaders ETF has a 1 year low of $19.74 and a 1 year high of $34.82. The stock has a market capitalization of $184.58 million, a PE ratio of 39.35 and a beta of 1.23. The company has a 50 day moving average price of $33.15 and a two-hundred day moving average price of $31.43.

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.