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

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 8,324 shares, a decline of 54.0% from the February 12th total of 18,080 shares. Based on an average trading volume of 76,251 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 76,251 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QFLR. Thrivent Financial for Lutherans bought a new position in Innovator Nasdaq-100 Managed Floor ETF in the second quarter worth about $2,045,000. Farther Finance Advisors LLC boosted its position in Innovator Nasdaq-100 Managed Floor ETF by 168.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 142,152 shares of the company’s stock valued at $4,712,000 after acquiring an additional 89,177 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Innovator Nasdaq-100 Managed Floor ETF during the 2nd quarter valued at approximately $44,000. HFG Wealth Management LLC grew its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 6.3% during the 3rd 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. Finally, Advisor Resource Council bought a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 3rd quarter worth approximately $492,000.

Innovator Nasdaq-100 Managed Floor ETF Stock Down 0.4%

Shares of NYSEARCA:QFLR traded down $0.13 during midday trading on Friday, hitting $33.87. 74,835 shares of the stock traded hands, compared to its average volume of 90,054. The business’s 50 day moving average is $34.61 and its two-hundred day moving average is $33.92. The stock has a market capitalization of $457.25 million, a PE ratio of 32.95 and a beta of 0.76. Innovator Nasdaq-100 Managed Floor ETF has a one year low of $25.42 and a one year high of $35.35.

About Innovator Nasdaq-100 Managed Floor ETF

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.