Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Short Interest Update

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) saw a significant increase in short interest in 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. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 50,722 shares, the days-to-cover ratio is currently 1.1 days.

Innovator Nasdaq-100 Managed Floor ETF Price Performance

Shares of NYSEARCA:QFLR traded down $0.06 during midday trading on Friday, reaching $35.15. The company’s stock had a trading volume of 63,713 shares, compared to its average volume of 83,487. Innovator Nasdaq-100 Managed Floor ETF has a fifty-two week low of $31.12 and a fifty-two week high of $36.95. The company has a market capitalization of $527.25 million, a P/E ratio of 32.95 and a beta of 0.74. The business’s fifty day simple moving average is $35.45 and its 200-day simple moving average is $35.08.

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

Institutional investors have recently modified their holdings of the stock. COFG Advisors LLC acquired a new stake in shares of Innovator Nasdaq-100 Managed Floor ETF in the fourth quarter valued at approximately $26,481,000. Liberty Atlantic Advisors LLC bought a new stake in Innovator Nasdaq-100 Managed Floor ETF during the 4th quarter worth about $13,093,000. LPL Financial LLC lifted its position in Innovator Nasdaq-100 Managed Floor ETF by 40.2% during the 4th quarter. LPL Financial LLC now owns 1,278,138 shares of the company’s stock valued at $43,815,000 after purchasing an additional 366,595 shares during the period. ATX Financial Planning LLC bought a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 4th quarter valued at about $11,918,000. Finally, Independent Financial Group LLC acquired a new stake in shares of Innovator Nasdaq-100 Managed Floor ETF during the 1st quarter worth approximately $4,037,000.

About Innovator Nasdaq-100 Managed Floor ETF

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.