Short Interest in First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND) Declines By 40.9%

First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 11,936 shares, a decline of 40.9% from the July 30th total of 20,185 shares. Based on an average daily volume of 5,959 shares, the short-interest ratio is presently 2.0 days. Approximately 4.0% of the shares of the stock are short sold.

First Trust Bloomberg R&D Leaders ETF Price Performance

NYSEARCA RND remained flat at $33.08 on Monday. 1,568 shares of the company’s stock were exchanged, compared to its average volume of 2,576. The stock has a market cap of $9.92 million, a PE ratio of 34.30 and a beta of 1.24. First Trust Bloomberg R&D Leaders ETF has a one year low of $26.25 and a one year high of $33.68. The stock’s 50 day moving average is $32.15 and its 200 day moving average is $30.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of First Trust Bloomberg R&D Leaders ETF in the fourth quarter valued at $627,000. IFP Advisors Inc raised its stake in First Trust Bloomberg R&D Leaders ETF by 42.9% during the fourth quarter. IFP Advisors Inc now owns 6,528 shares of the company’s stock valued at $198,000 after purchasing an additional 1,960 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in First Trust Bloomberg R&D Leaders ETF during the fourth quarter valued at $140,000.

About First Trust Bloomberg R&D Leaders ETF

The First Trust Bloomberg R&D Leaders ETF (RND) is an exchange-traded fund that is based on the Bloomberg R&D Leaders Select TR index. The fund tracks a market cap-weighted index of 30-50 US stocks with substantial expenditures dedicated to research and development. RND was launched on Apr 30, 2024 and is issued by First Trust.