Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Short Interest Up 3,982.8% in April

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 39,685 shares, an increase of 3,982.8% from the March 31st total of 972 shares. Based on an average daily volume of 149,352 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Innovator Nasdaq-100 Managed Floor ETF Stock Up 0.9%

QFLR stock traded up $0.31 during midday trading on Friday, hitting $34.92. The company’s stock had a trading volume of 56,177 shares, compared to its average volume of 101,245. The stock’s 50-day moving average price is $34.14 and its 200 day moving average price is $34.23. Innovator Nasdaq-100 Managed Floor ETF has a 1 year low of $27.23 and a 1 year high of $35.35. The stock has a market cap of $499.36 million, a price-to-earnings ratio of 32.95 and a beta of 0.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of QFLR. Northwestern Mutual Wealth Management Co. purchased a new position in Innovator Nasdaq-100 Managed Floor ETF in the third quarter worth $39,000. Advisory Services Network LLC purchased a new position in Innovator Nasdaq-100 Managed Floor ETF in the third quarter worth $133,000. CoreCap Advisors LLC boosted its position in Innovator Nasdaq-100 Managed Floor ETF by 340.2% in 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 last quarter. Atticus Wealth Management LLC purchased a new position in Innovator Nasdaq-100 Managed Floor ETF in the fourth quarter worth $201,000. Finally, Truist Financial Corp purchased a new position in Innovator Nasdaq-100 Managed Floor ETF in the fourth quarter worth $201,000.

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.