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

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 54,889 shares, an increase of 94.4% from the July 30th total of 28,235 shares. Based on an average daily trading volume, of 50,722 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the company’s shares are short sold.

Innovator Nasdaq-100 Managed Floor ETF Price Performance

QFLR opened at $35.10 on Tuesday. Innovator Nasdaq-100 Managed Floor ETF has a 12 month low of $31.12 and a 12 month high of $36.95. The business has a 50-day moving average of $35.42 and a two-hundred day moving average of $35.09. The stock has a market capitalization of $526.50 million, a price-to-earnings ratio of 32.95 and a beta of 0.74.

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

Several institutional investors and hedge funds have recently bought and sold shares of QFLR. IMG Wealth Management Inc. acquired a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 4th quarter valued at $789,000. Rothschild Wealth LLC raised its position in shares of Innovator Nasdaq-100 Managed Floor ETF by 44.2% in the 4th quarter. Rothschild Wealth LLC now owns 58,964 shares of the company’s stock worth $2,021,000 after buying an additional 18,074 shares during the period. Liberty Atlantic Advisors LLC acquired a new position in Innovator Nasdaq-100 Managed Floor ETF in the fourth quarter valued at $13,093,000. Simplicity Wealth LLC boosted its holdings in Innovator Nasdaq-100 Managed Floor ETF by 9.3% in the first quarter. Simplicity Wealth LLC now owns 279,966 shares of the company’s stock valued at $9,323,000 after acquiring an additional 23,742 shares during the last quarter. Finally, Independent Financial Group LLC purchased a new stake in Innovator Nasdaq-100 Managed Floor ETF during the first quarter valued at about $4,037,000.

Innovator Nasdaq-100 Managed Floor ETF Company Profile

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.