Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Sees Large Decline in Short Interest

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 18,080 shares, a drop of 66.3% from the January 29th total of 53,612 shares. Based on an average daily trading volume, of 104,923 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 104,923 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of large investors have recently added to or reduced their stakes in QFLR. Northwestern Mutual Wealth Management Co. purchased a new stake in Innovator Nasdaq-100 Managed Floor ETF during the 3rd quarter valued at $39,000. TD Waterhouse Canada Inc. purchased a new stake in Innovator Nasdaq-100 Managed Floor ETF during the second quarter valued at $44,000. Golden State Wealth Management LLC increased its position in Innovator Nasdaq-100 Managed Floor ETF by 35.5% during the second quarter. Golden State Wealth Management LLC now owns 3,052 shares of the company’s stock valued at $91,000 after acquiring an additional 800 shares during the last quarter. Advisory Services Network LLC purchased a new position in Innovator Nasdaq-100 Managed Floor ETF in the third quarter worth about $133,000. Finally, CoreCap Advisors LLC boosted its position in Innovator Nasdaq-100 Managed Floor ETF by 340.2% in the third quarter. CoreCap Advisors LLC now owns 4,252 shares of the company’s stock worth $141,000 after purchasing an additional 3,286 shares during the last quarter.

Innovator Nasdaq-100 Managed Floor ETF Stock Down 0.1%

QFLR traded down $0.04 during midday trading on Friday, hitting $34.51. 117,549 shares of the company traded hands, compared to its average volume of 91,522. The company’s 50-day moving average is $34.62 and its 200 day moving average is $33.74. The firm has a market capitalization of $465.89 million, a PE ratio of 32.95 and a beta of 0.76. Innovator Nasdaq-100 Managed Floor ETF has a 52 week low of $25.42 and a 52 week high of $35.35.

About Innovator Nasdaq-100 Managed Floor ETF

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.