First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Stock Short Interest Report for October

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 31,215 shares, a drop of 46.9% from the September 30th total of 58,776 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 49,664 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ILDR. Cetera Investment Advisers increased its stake in First Trust Innovation Leaders ETF by 142.1% during 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 in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of First Trust Innovation Leaders ETF during the third quarter valued at approximately $4,481,000. Arwa LLC acquired a new position in shares of First Trust Innovation Leaders ETF during the third quarter valued at approximately $2,571,000. HBW Advisory Services LLC lifted its position in shares of First Trust Innovation Leaders ETF by 34.4% in the third quarter. HBW Advisory Services LLC now owns 230,259 shares of the company’s stock valued at $9,095,000 after acquiring an additional 58,943 shares in the last quarter. Finally, Maia Wealth LLC lifted its position in shares of First Trust Innovation Leaders ETF by 38.3% in the third quarter. Maia Wealth LLC now owns 153,281 shares of the company’s stock valued at $6,055,000 after acquiring an additional 42,452 shares in the last quarter.

First Trust Innovation Leaders ETF Stock Down 4.5%

Shares of NYSEARCA ILDR traded down $1.70 during trading on Friday, hitting $36.02. The company had a trading volume of 71,019 shares, compared to its average volume of 58,735. The stock has a fifty day simple moving average of $38.85 and a two-hundred day simple moving average of $35.96. First Trust Innovation Leaders ETF has a fifty-two week low of $28.19 and a fifty-two week high of $41.10. The firm has a market capitalization of $329.58 million, a price-to-earnings 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.