First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND) Stock Short Interest Report for October

First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 940 shares. Based on an average daily trading volume, of 2,404 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Bloomberg R&D Leaders ETF

Several hedge funds have recently modified their holdings of RND. IFP Advisors Inc lifted its holdings in shares of First Trust Bloomberg R&D Leaders ETF by 12.9% in the third quarter. IFP Advisors Inc now owns 7,292 shares of the company’s stock valued at $245,000 after buying an additional 831 shares during the period. GK Wealth Management LLC acquired a new position in First Trust Bloomberg R&D Leaders ETF during the third quarter worth about $25,000. Finally, Citadel Advisors LLC acquired a new position in First Trust Bloomberg R&D Leaders ETF during the second quarter worth about $1,037,000.

First Trust Bloomberg R&D Leaders ETF Trading Down 2.1%

NYSEARCA RND traded down $0.69 during trading hours on Friday, reaching $32.42. The company’s stock had a trading volume of 304 shares, compared to its average volume of 2,512. The business has a 50-day simple moving average of $33.25 and a 200 day simple moving average of $31.21. First Trust Bloomberg R&D Leaders ETF has a 52 week low of $26.25 and a 52 week high of $34.41. The stock has a market cap of $9.73 million, a PE ratio of 34.30 and a beta of 1.23.

First Trust Bloomberg R&D Leaders ETF Company Profile

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.