Short Interest in Innovator Hedged Nasdaq-100 ETF (NASDAQ:QHDG) Declines By 45.5%

Innovator Hedged Nasdaq-100 ETF (NASDAQ:QHDG) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 613 shares, a decrease of 45.5% from the June 15th total of 1,125 shares. Based on an average daily volume of 2,724 shares, the short-interest ratio is currently 0.2 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Innovator Hedged Nasdaq-100 ETF stock. Susquehanna International Group LLP boosted its holdings in shares of Innovator Hedged Nasdaq-100 ETF (NASDAQ:QHDG) by 118.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,822 shares of the company’s stock after purchasing an additional 15,626 shares during the quarter. Susquehanna International Group LLP owned about 22.17% of Innovator Hedged Nasdaq-100 ETF worth $840,000 as of its most recent SEC filing.

Innovator Hedged Nasdaq-100 ETF Stock Performance

Shares of QHDG stock opened at $30.24 on Wednesday. The stock has a market capitalization of $2.42 million, a price-to-earnings ratio of 32.27 and a beta of 0.61. Innovator Hedged Nasdaq-100 ETF has a 12-month low of $27.27 and a 12-month high of $30.44. The stock’s 50-day moving average price is $30.15 and its 200-day moving average price is $29.79.

About Innovator Hedged Nasdaq-100 ETF

The Innovator Hedged Nasdaq-100 ETF (QHDG) is an exchange-traded fund that mostly invests in large cap equity. The fund provides a perpetual, partial downside hedge to stock exposure similar to the Nasdaq-100 Index. The funds objective is to provide some upside potential with lower volatility QHDG was launched on Aug 20, 2024 and is issued by Innovator.