Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) Short Interest Update

Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 310 shares, an increase of 192.5% from the April 30th total of 106 shares. Based on an average trading volume of 3,232 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Innovator Gradient Tactical Rotation Strategy ETF Stock Performance

Shares of IGTR stock traded up $0.38 during midday trading on Friday, hitting $33.48. 1,274 shares of the company were exchanged, compared to its average volume of 4,427. The firm has a market capitalization of $60.26 million, a P/E ratio of 18.93 and a beta of 0.75. The firm’s 50 day moving average price is $30.20 and its two-hundred day moving average price is $29.10. Innovator Gradient Tactical Rotation Strategy ETF has a 52 week low of $23.57 and a 52 week high of $33.55.

Institutional Trading of Innovator Gradient Tactical Rotation Strategy ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in Innovator Gradient Tactical Rotation Strategy ETF by 445.5% in the 4th quarter. Jane Street Group LLC now owns 95,691 shares of the company’s stock worth $2,685,000 after purchasing an additional 78,150 shares in the last quarter. Susquehanna International Group LLP raised its stake 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 purchasing an additional 39,972 shares in the last quarter. Bank of America Corp DE acquired a new stake in Innovator Gradient Tactical Rotation Strategy ETF in the 3rd quarter worth about $128,000. Finally, Royal Bank of Canada raised its stake in Innovator Gradient Tactical Rotation Strategy ETF by 58.5% in the 4th quarter. Royal Bank of Canada now owns 1,330 shares of the company’s stock worth $37,000 after purchasing an additional 491 shares in the last quarter.

About Innovator Gradient Tactical Rotation Strategy ETF

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.