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 target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,663 shares, an increase of 104.6% from the May 31st total of 813 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 5,064 shares, the short-interest ratio is currently 0.3 days.

Innovator Gradient Tactical Rotation Strategy ETF Stock Up 1.9%

Innovator Gradient Tactical Rotation Strategy ETF stock traded up $0.64 during mid-day trading on Tuesday, reaching $33.88. The company had a trading volume of 4,757 shares, compared to its average volume of 4,531. The company has a 50 day moving average of $32.10 and a 200-day moving average of $30.09. Innovator Gradient Tactical Rotation Strategy ETF has a 52 week low of $24.15 and a 52 week high of $36.47. The firm has a market cap of $60.98 million, a price-to-earnings ratio of 18.93 and a beta of 0.79.

Hedge Funds Weigh In On Innovator Gradient Tactical Rotation Strategy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IGTR. Jane Street Group LLC raised 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 acquiring an additional 4,319 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Innovator Gradient Tactical Rotation Strategy ETF during the 3rd quarter worth approximately $128,000. Susquehanna International Group LLP increased its position in shares of Innovator Gradient Tactical Rotation Strategy ETF by 68.3% during the third quarter. Susquehanna International Group LLP now owns 98,484 shares of the company’s stock valued at $2,602,000 after purchasing an additional 39,972 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Innovator Gradient Tactical Rotation Strategy ETF by 58.5% during the fourth quarter. Royal Bank of Canada now owns 1,330 shares of the company’s stock valued at $37,000 after purchasing an additional 491 shares during the period.

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.