Innovator IBD Breakout Opportunities ETF (NYSEARCA:BOUT) Short Interest Up 79.9% in May

Innovator IBD Breakout Opportunities ETF (NYSEARCA:BOUT) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 734 shares, an increase of 79.9% from the April 30th total of 408 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,604 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Innovator IBD Breakout Opportunities ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP boosted its position in shares of Innovator IBD Breakout Opportunities ETF by 42.6% in the 3rd quarter. Susquehanna International Group LLP now owns 26,176 shares of the company’s stock valued at $1,020,000 after purchasing an additional 7,817 shares during the period. Comprehensive Wealth Management LLC boosted its stake in Innovator IBD Breakout Opportunities ETF by 122.0% during the 4th quarter. Comprehensive Wealth Management LLC now owns 23,403 shares of the company’s stock worth $850,000 after purchasing an additional 12,859 shares during the period. Finally, Osaic Holdings Inc. grew its position in Innovator IBD Breakout Opportunities ETF by 39.7% during the 2nd quarter. Osaic Holdings Inc. now owns 2,102 shares of the company’s stock worth $77,000 after purchasing an additional 597 shares during the last quarter.

Innovator IBD Breakout Opportunities ETF Trading Up 0.2%

BOUT stock opened at $46.64 on Tuesday. The stock has a market cap of $16.32 million, a P/E ratio of 28.69 and a beta of 1.05. Innovator IBD Breakout Opportunities ETF has a twelve month low of $35.05 and a twelve month high of $47.21. The company’s 50 day moving average is $43.56 and its two-hundred day moving average is $40.13.

About Innovator IBD Breakout Opportunities ETF

The Innovator IBD Breakout Opportunities ETF (BOUT) is an exchange-traded fund that is based on the IBD Breakout Stocks Total Return index. The fund tracks an index of US-listed stocks that are likely to breakout, as determined by technical analysis. Holdings are weighted by a mix of fundamental and technical factors BOUT was launched on Sep 13, 2018 and is managed by Innovator.