First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Short Interest Up 323.5% in August

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 60,025 shares, a growth of 323.5% from the July 30th total of 14,175 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 56,432 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Jane Street Group LLC increased its holdings in shares of First Trust Innovation Leaders ETF by 88.6% in the first quarter. Jane Street Group LLC now owns 30,309 shares of the company’s stock worth $707,000 after purchasing an additional 14,238 shares during the period. Betterment LLC bought a new position in First Trust Innovation Leaders ETF in the 2nd quarter worth about $346,000. Raymond James Financial Inc. bought a new stake in shares of First Trust Innovation Leaders ETF during the 2nd quarter valued at about $156,000. Geneos Wealth Management Inc. purchased a new position in shares of First Trust Innovation Leaders ETF during the second quarter worth about $150,000. Finally, PFG Advisors bought a new position in shares of First Trust Innovation Leaders ETF in the third quarter worth approximately $217,000.

First Trust Innovation Leaders ETF Price Performance

ILDR stock traded down $0.03 during mid-day trading on Wednesday, reaching $38.68. 18,748 shares of the company traded hands, compared to its average volume of 61,544. The company has a fifty day moving average price of $38.15 and a 200-day moving average price of $35.28. First Trust Innovation Leaders ETF has a 52-week low of $28.19 and a 52-week high of $40.99. The company has a market capitalization of $313.31 million, a P/E 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.