Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) Short Interest Up 104.6% in June

Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,663 shares, a growth of 104.6% from the May 31st total of 813 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 5,064 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Innovator Gradient Tactical Rotation Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of Innovator Gradient Tactical Rotation Strategy ETF by 58.5% in the fourth quarter. Royal Bank of Canada now owns 1,330 shares of the company’s stock worth $37,000 after purchasing an additional 491 shares during the period. Bank of America Corp DE acquired a new stake in Innovator Gradient Tactical Rotation Strategy ETF in the 3rd quarter valued at approximately $128,000. Jane Street Group LLC grew its holdings in Innovator Gradient Tactical Rotation Strategy ETF by 31.2% in the 2nd quarter. Jane Street Group LLC now owns 18,177 shares of the company’s stock valued at $448,000 after buying an additional 4,319 shares during the last quarter. Finally, Susquehanna International Group LLP increased its position in Innovator Gradient Tactical Rotation Strategy ETF by 68.3% in the 3rd quarter. Susquehanna International Group LLP now owns 98,484 shares of the company’s stock worth $2,602,000 after buying an additional 39,972 shares during the period.

Innovator Gradient Tactical Rotation Strategy ETF Stock Performance

Shares of Innovator Gradient Tactical Rotation Strategy ETF stock traded up $0.64 on Tuesday, reaching $33.88. The stock had a trading volume of 4,757 shares, compared to its average volume of 4,531. The business’s 50-day moving average price is $32.10 and its two-hundred day moving average price is $30.09. The stock has a market cap of $60.98 million, a P/E ratio of 18.93 and a beta of 0.79. Innovator Gradient Tactical Rotation Strategy ETF has a fifty-two week low of $24.15 and a fifty-two week high of $36.47.

Innovator Gradient Tactical Rotation Strategy ETF Company Profile

The Innovator Gradient Tactical Rotation Strategy ETF (IGTR) is an exchange-traded fund that is based on the S&P Global BMI – USD index. The fund is an actively managed fund that uses a proprietary, rules-based approach to toggle investments among various equity markets and cash. The funds tactical strategy determines investments based on momentum. IGTR was launched on Nov 17, 2022 and is managed by Innovator.