Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Sees Significant Growth in Short Interest

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 84,681 shares, a growth of 52.4% from the November 30th total of 55,560 shares. Based on an average daily trading volume, of 71,723 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 71,723 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of Innovator Nasdaq-100 Managed Floor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Simplicity Wealth LLC raised its holdings in Innovator Nasdaq-100 Managed Floor ETF by 1,286.6% during the 2nd quarter. Simplicity Wealth LLC now owns 431,012 shares of the company’s stock worth $12,861,000 after buying an additional 399,927 shares during the period. HFG Wealth Management LLC raised its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 6.3% during the third quarter. HFG Wealth Management LLC now owns 423,263 shares of the company’s stock worth $14,031,000 after acquiring an additional 25,078 shares during the period. AE Wealth Management LLC lifted its position in Innovator Nasdaq-100 Managed Floor ETF by 5.5% in the 3rd quarter. AE Wealth Management LLC now owns 345,271 shares of the company’s stock valued at $11,446,000 after acquiring an additional 17,977 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Innovator Nasdaq-100 Managed Floor ETF in the 2nd quarter worth $6,699,000. Finally, Chicago Partners Investment Group LLC increased its holdings in Innovator Nasdaq-100 Managed Floor ETF by 4.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 212,581 shares of the company’s stock worth $7,275,000 after purchasing an additional 9,841 shares in the last quarter.

Innovator Nasdaq-100 Managed Floor ETF Trading Down 0.1%

Innovator Nasdaq-100 Managed Floor ETF stock traded down $0.02 during mid-day trading on Tuesday, hitting $34.44. 42,518 shares of the company’s stock were exchanged, compared to its average volume of 73,741. The stock has a 50 day moving average of $34.16 and a two-hundred day moving average of $32.44. Innovator Nasdaq-100 Managed Floor ETF has a 1-year low of $25.42 and a 1-year high of $35.30. The stock has a market cap of $384.01 million, a P/E ratio of 32.95 and a beta of 0.76.

Innovator Nasdaq-100 Managed Floor ETF Company Profile

The Innovator Nasdaq-100 Managed Floor ETF (QFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio representative of the NASDAQ-100, while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. QFLR was launched on Jan 25, 2024 and is issued by Innovator.