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

Innovator IBD 50 ETF (NYSEARCA:FFTY) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 11,741 shares, a decrease of 38.8% from the July 30th total of 19,190 shares. Based on an average daily trading volume, of 22,301 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are sold short.

Innovator IBD 50 ETF Trading Up 1.2%

FFTY traded up $0.44 on Wednesday, reaching $35.87. The stock had a trading volume of 6,310 shares, compared to its average volume of 58,338. The business’s 50-day moving average price is $38.47 and its two-hundred day moving average price is $38.44. The company has a market cap of $77.12 million, a P/E ratio of 30.34 and a beta of 1.47. Innovator IBD 50 ETF has a 12-month low of $31.61 and a 12-month high of $44.08.

Institutional Investors Weigh In On Innovator IBD 50 ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AlphaCore Capital LLC acquired a new stake in shares of Innovator IBD 50 ETF in the fourth quarter valued at about $32,000. International Assets Investment Management LLC purchased a new position in Innovator IBD 50 ETF in the 4th quarter valued at about $35,000. Composition Wealth LLC lifted its stake in Innovator IBD 50 ETF by 13.3% in the 4th quarter. Composition Wealth LLC now owns 8,500 shares of the company’s stock valued at $296,000 after buying an additional 1,000 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Innovator IBD 50 ETF in the 3rd quarter worth about $43,000. Finally, Simplex Trading LLC acquired a new stake in Innovator IBD 50 ETF in the 4th quarter worth about $41,000.

Innovator IBD 50 ETF Company Profile

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.