Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Short Interest Update

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 49,007 shares, a decline of 33.1% from the December 31st total of 73,303 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 95,312 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 95,312 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are sold short.

Innovator Nasdaq-100 Managed Floor ETF Price Performance

NYSEARCA:QFLR traded down $0.17 on Friday, hitting $34.99. 173,975 shares of the company’s stock were exchanged, compared to its average volume of 91,744. The firm has a 50-day moving average price of $34.55 and a 200-day moving average price of $33.24. The company has a market cap of $465.37 million, a P/E ratio of 32.95 and a beta of 0.76. Innovator Nasdaq-100 Managed Floor ETF has a 52 week low of $25.42 and a 52 week high of $35.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of QFLR. Northwestern Mutual Wealth Management Co. bought a new position in Innovator Nasdaq-100 Managed Floor ETF during the third quarter worth about $39,000. TD Waterhouse Canada Inc. bought a new position in shares of Innovator Nasdaq-100 Managed Floor ETF during the second quarter worth approximately $44,000. Golden State Wealth Management LLC increased its position in Innovator Nasdaq-100 Managed Floor ETF by 35.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 3,052 shares of the company’s stock worth $91,000 after buying an additional 800 shares during the period. Advisory Services Network LLC bought a new position in Innovator Nasdaq-100 Managed Floor ETF during the third quarter worth about $133,000. Finally, CoreCap Advisors LLC increased its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 340.2% during the third quarter. CoreCap Advisors LLC now owns 4,252 shares of the company’s stock worth $141,000 after purchasing an additional 3,286 shares during the period.

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.