Innovator IBD 50 ETF (NYSEARCA:FFTY) Short Interest Down 55.5% in June

Innovator IBD 50 ETF (NYSEARCA:FFTY) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 22,782 shares, a decrease of 55.5% from the June 15th total of 51,245 shares. Based on an average daily volume of 35,607 shares, the short-interest ratio is presently 0.6 days. Currently, 1.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Innovator IBD 50 ETF

A number of hedge funds have recently added to or reduced their stakes in FFTY. BNP Paribas Financial Markets bought a new stake in shares of Innovator IBD 50 ETF during the third quarter valued at approximately $1,494,000. Royal Bank of Canada increased its stake in Innovator IBD 50 ETF by 3,222.5% during the 1st quarter. Royal Bank of Canada now owns 18,274 shares of the company’s stock valued at $611,000 after purchasing an additional 17,724 shares in the last quarter. Prosperity Wealth Management Inc. bought a new stake in Innovator IBD 50 ETF during the 3rd quarter valued at $637,000. HRT Financial LP acquired a new position in Innovator IBD 50 ETF during the fourth quarter worth $507,000. Finally, JPMorgan Chase & Co. acquired a new position in Innovator IBD 50 ETF during the third quarter worth $478,000.

Innovator IBD 50 ETF Price Performance

Shares of FFTY traded up $0.56 during trading hours on Tuesday, hitting $39.71. The stock had a trading volume of 17,552 shares, compared to its average volume of 68,560. Innovator IBD 50 ETF has a 1-year low of $31.61 and a 1-year high of $44.08. The firm has a market capitalization of $85.38 million, a P/E ratio of 30.34 and a beta of 1.45. The firm has a 50 day simple moving average of $41.08 and a 200-day simple moving average of $38.30.

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.