Innovator Growth Accelerated ETF – Quarterly (BATS:XDQQ) Sees Large Growth in Short Interest

Innovator Growth Accelerated ETF – Quarterly (BATS:XDQQ) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 12,710 shares, an increase of 145.8% from the September 30th total of 5,171 shares. Based on an average daily volume of 17,174 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.1% of the company’s stock are short sold.

Innovator Growth Accelerated ETF – Quarterly Stock Performance

Shares of XDQQ stock opened at $38.37 on Friday. The company has a market capitalization of $43.36 million, a P/E ratio of 29.58 and a beta of 1.03. The company’s 50 day moving average price is $40.28 and its two-hundred day moving average price is $39.72. Innovator Growth Accelerated ETF – Quarterly has a 52 week low of $35.61 and a 52 week high of $42.07.

Institutional Investors Weigh In On Innovator Growth Accelerated ETF – Quarterly

Several institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its position in shares of Innovator Growth Accelerated ETF – Quarterly by 0.6% during the 1st quarter. Cetera Investment Advisers now owns 109,322 shares of the company’s stock worth $4,044,000 after purchasing an additional 653 shares during the last quarter. Encompass More Asset Management increased its stake in shares of Innovator Growth Accelerated ETF – Quarterly by 675.8% during the third quarter. Encompass More Asset Management now owns 63,207 shares of the company’s stock worth $2,600,000 after purchasing an additional 55,060 shares during the period. Brookstone Capital Management bought a new stake in shares of Innovator Growth Accelerated ETF – Quarterly in the third quarter valued at about $2,088,000. Arkadios Wealth Advisors acquired a new position in shares of Innovator Growth Accelerated ETF – Quarterly during the 1st quarter worth approximately $492,000. Finally, Vantage Point Financial LLC acquired a new position in Innovator Growth Accelerated ETF – Quarterly in the 1st quarter valued at $295,000.

About Innovator Growth Accelerated ETF – Quarterly

The Innovator Growth-100 Accelerated ETF – Quarterly (XDQQ) is an exchange-traded fund that is based on the Invesco QQQ Trust index. The fund aims for 2x the price return of Invesco QQQ Trust ETF (QQQ), subject to an upside return cap over a specific holdings period. XDQQ was launched on Apr 1, 2021 and is managed by Innovator.