Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) Short Interest Up 192.5% in May

Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 310 shares, a growth of 192.5% from the April 30th total of 106 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,232 shares, the days-to-cover ratio is presently 0.1 days.

Innovator Gradient Tactical Rotation Strategy ETF Price Performance

IGTR stock traded up $0.38 during mid-day trading on Friday, reaching $33.48. 1,274 shares of the company traded hands, compared to its average volume of 4,427. Innovator Gradient Tactical Rotation Strategy ETF has a 52-week low of $23.57 and a 52-week high of $33.55. The company has a fifty day moving average price of $30.20 and a 200-day moving average price of $29.10. The company has a market capitalization of $60.26 million, a P/E ratio of 18.93 and a beta of 0.75.

Hedge Funds Weigh In On Innovator Gradient Tactical Rotation Strategy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Innovator Gradient Tactical Rotation Strategy ETF by 58.5% during the fourth quarter. Royal Bank of Canada now owns 1,330 shares of the company’s stock worth $37,000 after buying an additional 491 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Innovator Gradient Tactical Rotation Strategy ETF by 445.5% during 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 during the period. Susquehanna International Group LLP grew its holdings 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 worth $2,602,000 after purchasing an additional 39,972 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Innovator Gradient Tactical Rotation Strategy ETF in the third quarter worth $128,000.

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.