First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Shares Shorted: Short Interest Up 271.7% in September

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 58,776 shares, an increase of 271.7% from the September 15th total of 15,811 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 56,160 shares, the days-to-cover ratio is currently 1.0 days.

First Trust Innovation Leaders ETF Stock Up 1.1%

Shares of ILDR traded up $0.44 during midday trading on Friday, hitting $40.35. The company’s stock had a trading volume of 25,095 shares, compared to its average volume of 59,828. The stock has a market capitalization of $361.13 million, a price-to-earnings ratio of 39.35 and a beta of 1.30. First Trust Innovation Leaders ETF has a one year low of $28.19 and a one year high of $41.10. The company’s fifty day simple moving average is $39.18 and its two-hundred day simple moving average is $37.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC grew its position in shares of First Trust Innovation Leaders ETF by 1,675.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 233,684 shares of the company’s stock valued at $6,959,000 after acquiring an additional 220,521 shares during the period. Citadel Advisors LLC lifted its stake in First Trust Innovation Leaders ETF by 29.3% in the 2nd quarter. Citadel Advisors LLC now owns 57,413 shares of the company’s stock worth $2,253,000 after purchasing an additional 13,025 shares in the last quarter. Cetera Investment Advisers boosted its stake in First Trust Innovation Leaders ETF by 142.1% during 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 during the period. HBW Advisory Services LLC grew its stake in First Trust Innovation Leaders ETF by 13.3% in the 1st quarter. HBW Advisory Services LLC now owns 148,261 shares of the company’s stock worth $4,415,000 after buying an additional 17,357 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of First Trust Innovation Leaders ETF by 42.4% during the 1st quarter. Sanctuary Advisors LLC now owns 99,914 shares of the company’s stock valued at $2,975,000 after buying an additional 29,731 shares in the last quarter.

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.