Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) Short Interest Update

Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 813 shares, an increase of 162.3% from the May 14th total of 310 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,564 shares, the days-to-cover ratio is presently 0.5 days.

Innovator Gradient Tactical Rotation Strategy ETF Trading Down 0.1%

Innovator Gradient Tactical Rotation Strategy ETF stock traded down $0.04 during trading hours on Friday, reaching $32.90. 12,917 shares of the company were exchanged, compared to its average volume of 4,517. The firm has a market cap of $59.22 million, a price-to-earnings ratio of 18.93 and a beta of 0.79. The stock has a 50-day moving average of $31.07 and a 200 day moving average of $29.52. Innovator Gradient Tactical Rotation Strategy ETF has a 12 month low of $23.57 and a 12 month high of $34.25.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Susquehanna International Group LLP raised its stake in shares of Innovator Gradient Tactical Rotation Strategy ETF by 68.3% in the third quarter. Susquehanna International Group LLP now owns 98,484 shares of the company’s stock valued at $2,602,000 after purchasing an additional 39,972 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Innovator Gradient Tactical Rotation Strategy ETF by 445.5% in the fourth quarter. Jane Street Group LLC now owns 95,691 shares of the company’s stock valued at $2,685,000 after purchasing an additional 78,150 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Innovator Gradient Tactical Rotation Strategy ETF in the third quarter valued at $128,000. Finally, Royal Bank of Canada raised its stake in shares of Innovator Gradient Tactical Rotation Strategy ETF by 58.5% in the fourth quarter. Royal Bank of Canada now owns 1,330 shares of the company’s stock valued at $37,000 after purchasing an additional 491 shares in the last quarter.

About Innovator Gradient Tactical Rotation Strategy ETF

The Innovator Gradient Tactical Rotation Strategy ETF (IGTR) is an exchange-traded fund that is based on the S&P Global BMI – USD index. The fund is an actively managed fund that uses a proprietary, rules-based approach to toggle investments among various equity markets and cash. The funds tactical strategy determines investments based on momentum. IGTR was launched on Nov 17, 2022 and is managed by Innovator.