Innovator IBD 50 ETF (NYSEARCA:FFTY) Sees Large Decline in Short Interest

Innovator IBD 50 ETF (NYSEARCA:FFTY) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 28,220 shares, a decline of 34.7% from the May 14th total of 43,223 shares. Based on an average daily volume of 40,742 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Trading of Innovator IBD 50 ETF

Several large investors have recently bought and sold shares of FFTY. NewEdge Advisors LLC acquired a new stake in Innovator IBD 50 ETF in the 1st quarter valued at about $306,000. Bank of America Corp DE boosted its holdings in shares of Innovator IBD 50 ETF by 307.2% during the 2nd quarter. Bank of America Corp DE now owns 12,448 shares of the company’s stock worth $404,000 after purchasing an additional 9,391 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Innovator IBD 50 ETF in the third quarter valued at approximately $478,000. Comprehensive Financial Planning Inc. PA increased its holdings in shares of Innovator IBD 50 ETF by 55.4% in the third quarter. Comprehensive Financial Planning Inc. PA now owns 47,662 shares of the company’s stock valued at $1,781,000 after purchasing an additional 16,996 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Innovator IBD 50 ETF in the third quarter valued at approximately $1,494,000.

Innovator IBD 50 ETF Stock Up 0.2%

Innovator IBD 50 ETF stock opened at $41.58 on Thursday. Innovator IBD 50 ETF has a 52-week low of $30.02 and a 52-week high of $42.72. The firm has a market capitalization of $95.63 million, a price-to-earnings ratio of 30.34 and a beta of 1.47. The company has a fifty day simple moving average of $39.22 and a 200-day simple moving average of $37.47.

About Innovator IBD 50 ETF

The Innovator IBD 50 ETF (FFTY) is an exchange-traded fund that is based on the IBD 50 index. The fund tracks an index of 50 US-listed stocks with aggressive growth characteristics. Holdings are selected based on fundamental and technical rankings FFTY was launched on Apr 9, 2015 and is managed by Innovator.