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

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 3,948 shares, a drop of 59.7% from the April 30th total of 9,808 shares. Based on an average trading volume of 77,871 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Innovator Nasdaq-100 Managed Floor ETF

A number of hedge funds have recently modified their holdings of the business. LPL Financial LLC lifted its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 40.2% during the fourth quarter. LPL Financial LLC now owns 1,278,138 shares of the company’s stock worth $43,815,000 after purchasing an additional 366,595 shares during the period. COFG Advisors LLC acquired a new position in shares of Innovator Nasdaq-100 Managed Floor ETF during the fourth quarter worth $26,481,000. Commonwealth Equity Services LLC lifted its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 8.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 514,610 shares of the company’s stock worth $17,641,000 after purchasing an additional 39,621 shares during the period. Liberty Atlantic Advisors LLC acquired a new stake in shares of Innovator Nasdaq-100 Managed Floor ETF in the fourth quarter valued at about $13,093,000. Finally, AE Wealth Management LLC increased its stake in shares of Innovator Nasdaq-100 Managed Floor ETF by 3.0% in the fourth quarter. AE Wealth Management LLC now owns 355,757 shares of the company’s stock valued at $12,195,000 after buying an additional 10,486 shares during the period.

Innovator Nasdaq-100 Managed Floor ETF Stock Performance

Shares of Innovator Nasdaq-100 Managed Floor ETF stock traded down $0.12 on Monday, hitting $36.60. The stock had a trading volume of 57,101 shares, compared to its average volume of 92,268. The stock has a 50 day moving average of $34.89 and a 200 day moving average of $34.57. Innovator Nasdaq-100 Managed Floor ETF has a twelve month low of $28.43 and a twelve month high of $36.95. The firm has a market capitalization of $525.21 million, a P/E ratio of 32.95 and a beta of 0.72.

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.