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

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

Institutional Trading of Innovator Nasdaq-100 Managed Floor ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC grew its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 40.2% in the 4th quarter. LPL Financial LLC now owns 1,278,138 shares of the company’s stock valued at $43,815,000 after buying an additional 366,595 shares during the period. COFG Advisors LLC acquired a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 4th quarter valued at $26,481,000. Commonwealth Equity Services LLC grew its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 8.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 514,610 shares of the company’s stock valued at $17,641,000 after buying an additional 39,621 shares during the period. Liberty Atlantic Advisors LLC bought a new stake in Innovator Nasdaq-100 Managed Floor ETF in the 4th quarter valued at $13,093,000. Finally, AE Wealth Management LLC lifted its position in Innovator Nasdaq-100 Managed Floor ETF by 3.0% in the 4th quarter. AE Wealth Management LLC now owns 355,757 shares of the company’s stock valued at $12,195,000 after acquiring an additional 10,486 shares in the last quarter.

Innovator Nasdaq-100 Managed Floor ETF Price Performance

Innovator Nasdaq-100 Managed Floor ETF stock opened at $36.60 on Tuesday. The company has a market capitalization of $525.21 million, a price-to-earnings ratio of 32.95 and a beta of 0.72. Innovator Nasdaq-100 Managed Floor ETF has a one year low of $28.43 and a one year high of $36.95. The company’s fifty day moving average price is $34.89 and its two-hundred day moving average price is $34.57.

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.