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

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 49,007 shares, a decrease of 33.1% from the December 31st total of 73,303 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 95,312 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 95,312 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans purchased a new stake in Innovator Nasdaq-100 Managed Floor ETF during the second quarter valued at about $2,045,000. Farther Finance Advisors LLC increased its stake in Innovator Nasdaq-100 Managed Floor ETF by 168.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 142,152 shares of the company’s stock valued at $4,712,000 after buying an additional 89,177 shares during the period. Stratos Wealth Partners LTD. acquired a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the second quarter worth $226,000. HFG Wealth Management LLC increased its position in Innovator Nasdaq-100 Managed Floor ETF by 6.3% in the 3rd quarter. HFG Wealth Management LLC now owns 423,263 shares of the company’s stock worth $14,031,000 after purchasing an additional 25,078 shares during the last quarter. Finally, AE Wealth Management LLC increased its holdings in Innovator Nasdaq-100 Managed Floor ETF by 3.8% in the second quarter. AE Wealth Management LLC now owns 327,294 shares of the company’s stock worth $9,766,000 after buying an additional 12,082 shares during the last quarter.

Innovator Nasdaq-100 Managed Floor ETF Trading Down 0.5%

QFLR traded down $0.17 during trading hours on Friday, hitting $34.99. 173,975 shares of the company’s stock were exchanged, compared to its average volume of 91,744. Innovator Nasdaq-100 Managed Floor ETF has a 12-month low of $25.42 and a 12-month high of $35.30. The firm has a market cap of $465.37 million, a P/E ratio of 32.95 and a beta of 0.76. The firm has a 50 day moving average of $34.55 and a 200 day moving average of $33.24.

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.