Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Short Interest Down 37.8% in July

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 42,016 shares, a decrease of 37.8% from the June 30th total of 67,576 shares. Based on an average daily volume of 54,086 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Innovator Nasdaq-100 Managed Floor ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Innovator Nasdaq-100 Managed Floor ETF during the 3rd quarter valued at about $39,000. Sound Income Strategies LLC purchased a new position in Innovator Nasdaq-100 Managed Floor ETF in the 1st quarter worth approximately $45,000. Advisory Services Network LLC acquired a new stake in Innovator Nasdaq-100 Managed Floor ETF in the third quarter valued at approximately $133,000. Atticus Wealth Management LLC acquired a new stake in Innovator Nasdaq-100 Managed Floor ETF in the fourth quarter valued at approximately $201,000. Finally, Truist Financial Corp purchased a new stake in shares of Innovator Nasdaq-100 Managed Floor ETF during the fourth quarter valued at approximately $201,000.

Innovator Nasdaq-100 Managed Floor ETF Price Performance

NYSEARCA QFLR traded up $0.20 during trading hours on Friday, hitting $34.94. The company had a trading volume of 72,756 shares, compared to its average volume of 84,144. Innovator Nasdaq-100 Managed Floor ETF has a fifty-two week low of $30.46 and a fifty-two week high of $36.95. The company has a market capitalization of $524.10 million, a price-to-earnings ratio of 32.95 and a beta of 0.72. The firm’s 50 day moving average is $35.74 and its 200 day moving average is $35.00.

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.