First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND) Short Interest Up 758.1% in July

First Trust Bloomberg R&D Leaders ETF (NYSEARCA:RND) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 21,625 shares, a growth of 758.1% from the June 30th total of 2,520 shares. Based on an average daily trading volume, of 1,359 shares, the short-interest ratio is currently 15.9 days. Approximately 8.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. IFP Advisors Inc grew its stake in First Trust Bloomberg R&D Leaders ETF by 42.9% during the 4th 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. International Assets Investment Management LLC acquired a new position in shares of First Trust Bloomberg R&D Leaders ETF in the 4th quarter valued at approximately $140,000. Finally, Jane Street Group LLC acquired a new position in shares of First Trust Bloomberg R&D Leaders ETF in the 4th quarter valued at approximately $627,000.

First Trust Bloomberg R&D Leaders ETF Price Performance

Shares of RND stock opened at $30.89 on Friday. The company’s fifty day moving average price is $31.68 and its two-hundred day moving average price is $30.25. The firm has a market capitalization of $7.72 million, a P/E ratio of 34.30 and a beta of 1.24. First Trust Bloomberg R&D Leaders ETF has a 12 month low of $26.25 and a 12 month high of $32.68.

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.