First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Short Interest Up 106.2% in December

by · The Markets Daily

First Trust Innovation Leaders ETF (NYSEARCA:ILDR – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 34,131 shares, a growth of 106.2% from the December 15th total of 16,551 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 91,853 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 91,853 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of First Trust Innovation Leaders ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ILDR. Citadel Advisors LLC bought a new position in shares of First Trust Innovation Leaders ETF in the 3rd quarter worth $3,932,000. Geneos Wealth Management Inc. boosted its position in First Trust Innovation Leaders ETF by 1,741.5% during the third quarter. Geneos Wealth Management Inc. now owns 93,919 shares of the company’s stock valued at $3,042,000 after purchasing an additional 88,819 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in First Trust Innovation Leaders ETF in the third quarter valued at about $2,493,000. Kraft Davis & Associates LLC bought a new position in First Trust Innovation Leaders ETF in the second quarter worth about $1,873,000. Finally, Maridea Wealth Management LLC raised its holdings in First Trust Innovation Leaders ETF by 448.5% in the fourth quarter. Maridea Wealth Management LLC now owns 73,645 shares of the company’s stock worth $2,430,000 after purchasing an additional 60,218 shares in the last quarter.

First Trust Innovation Leaders ETF Stock Performance

NYSEARCA:ILDR opened at $33.67 on Friday. The firm has a 50-day simple moving average of $33.10 and a 200-day simple moving average of $32.04. First Trust Innovation Leaders ETF has a one year low of $19.74 and a one year high of $34.82. The firm has a market cap of $225.59 million, a P/E ratio of 39.35 and a beta of 1.23.

About First Trust Innovation Leaders ETF

(Get Free Report)

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.

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