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

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,948 shares, a decline of 59.7% from the April 30th total of 9,808 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 77,871 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new position in Innovator Nasdaq-100 Managed Floor ETF during the 3rd quarter worth about $39,000. Sound Income Strategies LLC bought a new position in Innovator Nasdaq-100 Managed Floor ETF during the 1st quarter worth about $45,000. Advisory Services Network LLC bought a new position in Innovator Nasdaq-100 Managed Floor ETF during the 3rd quarter worth about $133,000. Atticus Wealth Management LLC bought a new position in Innovator Nasdaq-100 Managed Floor ETF during the 4th quarter worth about $201,000. Finally, Truist Financial Corp bought a new position in Innovator Nasdaq-100 Managed Floor ETF during the 4th quarter worth about $201,000.

Innovator Nasdaq-100 Managed Floor ETF Price Performance

Shares of QFLR traded down $0.10 on Friday, hitting $36.72. The company’s stock had a trading volume of 52,943 shares, compared to its average volume of 92,613. The company has a market capitalization of $526.93 million, a PE ratio of 32.95 and a beta of 0.72. Innovator Nasdaq-100 Managed Floor ETF has a fifty-two week low of $28.20 and a fifty-two week high of $36.95. The company has a 50 day moving average price of $34.83 and a 200 day moving average price of $34.56.

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.