Short Interest in Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Drops By 75.3%

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 9,808 shares, a decrease of 75.3% from the April 15th total of 39,685 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 64,055 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Innovator Nasdaq-100 Managed Floor ETF

Several large investors have recently modified their holdings of the stock. LPL Financial LLC grew its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 40.2% during the 4th quarter. LPL Financial LLC now owns 1,278,138 shares of the company’s stock worth $43,815,000 after purchasing an additional 366,595 shares in the last quarter. COFG Advisors LLC acquired a new stake in shares of Innovator Nasdaq-100 Managed Floor ETF during the 4th quarter worth $26,481,000. Commonwealth Equity Services LLC grew its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 8.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 514,610 shares of the company’s stock worth $17,641,000 after purchasing an additional 39,621 shares in the last quarter. Liberty Atlantic Advisors LLC acquired a new stake in shares of Innovator Nasdaq-100 Managed Floor ETF during the 4th quarter worth $13,093,000. Finally, AE Wealth Management LLC grew its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 3.0% during the 4th quarter. AE Wealth Management LLC now owns 355,757 shares of the company’s stock worth $12,195,000 after purchasing an additional 10,486 shares in the last quarter.

Innovator Nasdaq-100 Managed Floor ETF Stock Up 0.3%

Shares of QFLR traded up $0.10 during trading hours on Thursday, hitting $35.95. 127,203 shares of the company were exchanged, compared to its average volume of 97,159. The company has a market cap of $515.88 million, a price-to-earnings ratio of 32.95 and a beta of 0.72. Innovator Nasdaq-100 Managed Floor ETF has a fifty-two week low of $27.84 and a fifty-two week high of $36.90. The firm’s fifty day moving average is $34.42 and its 200 day moving average is $34.41.

About Innovator Nasdaq-100 Managed Floor ETF

The Innovator Nasdaq-100 Managed Floor ETF (QFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio representative of the NASDAQ-100, while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. QFLR was launched on Jan 25, 2024 and is issued by Innovator.