Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Short Interest Up 763.3% in May

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 34,083 shares, an increase of 763.3% from the May 14th total of 3,948 shares. Based on an average daily volume of 53,032 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are short sold.

Innovator Nasdaq-100 Managed Floor ETF Stock Down 1.2%

NYSEARCA QFLR traded down $0.41 during trading hours on Wednesday, reaching $34.93. The company’s stock had a trading volume of 21,029 shares, compared to its average volume of 89,558. The firm’s 50-day moving average price is $35.21 and its 200-day moving average price is $34.68. Innovator Nasdaq-100 Managed Floor ETF has a 1 year low of $28.91 and a 1 year high of $36.95. The company has a market capitalization of $501.25 million, a price-to-earnings ratio of 32.95 and a beta of 0.72.

Institutional Trading of Innovator Nasdaq-100 Managed Floor ETF

Several hedge funds have recently modified their holdings of the company. LPL Financial LLC raised its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 40.2% during the 4th quarter. LPL Financial LLC now owns 1,278,138 shares of the company’s stock worth $43,815,000 after acquiring an additional 366,595 shares in the last quarter. COFG Advisors LLC bought a new position in shares of Innovator Nasdaq-100 Managed Floor ETF during the 4th quarter valued at approximately $26,481,000. Commonwealth Equity Services LLC grew its position in Innovator Nasdaq-100 Managed Floor ETF by 8.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 514,610 shares of the company’s stock valued at $17,641,000 after acquiring an additional 39,621 shares during the last quarter. Liberty Atlantic Advisors LLC bought a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the fourth quarter worth about $13,093,000. Finally, AE Wealth Management LLC grew its stake in Innovator Nasdaq-100 Managed Floor ETF by 3.0% in the 4th quarter. AE Wealth Management LLC now owns 355,757 shares of the company’s stock worth $12,195,000 after acquiring an additional 10,486 shares in the last quarter.

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.