Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Short Interest Up 763.3% in May

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 34,083 shares, an increase of 763.3% from the May 14th total of 3,948 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 53,032 shares, the days-to-cover ratio is currently 0.6 days.

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

A number of hedge funds have recently made changes to their positions in QFLR. Claro Advisors LLC raised its holdings in Innovator Nasdaq-100 Managed Floor ETF by 1.5% during the 3rd quarter. Claro Advisors LLC now owns 23,009 shares of the company’s stock valued at $763,000 after buying an additional 330 shares during the last quarter. 4J Wealth Management LLC raised its holdings in Innovator Nasdaq-100 Managed Floor ETF by 1.6% during the 4th quarter. 4J Wealth Management LLC now owns 21,910 shares of the company’s stock valued at $751,000 after buying an additional 355 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Innovator Nasdaq-100 Managed Floor ETF by 3.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,476 shares of the company’s stock valued at $462,000 after buying an additional 393 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in Innovator Nasdaq-100 Managed Floor ETF by 6.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 6,644 shares of the company’s stock worth $228,000 after purchasing an additional 396 shares in the last quarter. Finally, Navis Wealth Advisors LLC raised its holdings in Innovator Nasdaq-100 Managed Floor ETF by 3.2% in the 3rd quarter. Navis Wealth Advisors LLC now owns 15,357 shares of the company’s stock worth $509,000 after purchasing an additional 469 shares in the last quarter.

Innovator Nasdaq-100 Managed Floor ETF Stock Performance

Shares of QFLR opened at $35.53 on Friday. The firm has a market cap of $509.86 million, a price-to-earnings ratio of 32.95 and a beta of 0.72. Innovator Nasdaq-100 Managed Floor ETF has a fifty-two week low of $28.91 and a fifty-two week high of $36.95. The firm has a 50 day moving average price of $35.30 and a 200-day moving average price of $34.71.

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.