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 January. As of January 15th, there was short interest totaling 395 shares, an increase of 166.9% from the December 31st total of 148 shares. Based on an average daily volume of 2,591 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,591 shares, the days-to-cover ratio is currently 0.2 days.

Innovator Gradient Tactical Rotation Strategy ETF Stock Down 1.4%

NYSEARCA:IGTR traded down $0.40 during trading hours on Friday, reaching $28.95. 4,129 shares of the company’s stock were exchanged, compared to its average volume of 3,991. The company has a market capitalization of $56.45 million, a P/E ratio of 18.93 and a beta of 0.74. The business’s 50-day simple moving average is $28.16 and its two-hundred day simple moving average is $26.68. Innovator Gradient Tactical Rotation Strategy ETF has a 12 month low of $22.07 and a 12 month high of $29.52.

Innovator Gradient Tactical Rotation Strategy ETF Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 31st were given a dividend of $0.2241 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a yield of 80.0%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IGTR. Bank of America Corp DE bought a new position in shares of Innovator Gradient Tactical Rotation Strategy ETF in the third quarter worth about $128,000. Accurate Wealth Management LLC acquired a new position in shares of Innovator Gradient Tactical Rotation Strategy ETF in the 3rd quarter valued at $384,000. Jane Street Group LLC raised its stake in Innovator Gradient Tactical Rotation Strategy ETF by 31.2% during the 2nd quarter. Jane Street Group LLC now owns 18,177 shares of the company’s stock worth $448,000 after buying an additional 4,319 shares during the period. Finally, Susquehanna International Group LLP raised its stake in shares of 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 valued at $2,602,000 after purchasing an additional 39,972 shares during the period.

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.