Innovator Defined Wealth Shield ETF (BATS:BALT) Short Interest Down 54.9% in May

Innovator Defined Wealth Shield ETF (BATS:BALT) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 87,717 shares, a drop of 54.9% from the April 30th total of 194,427 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 360,538 shares, the days-to-cover ratio is currently 0.2 days.

Innovator Defined Wealth Shield ETF Stock Performance

BATS:BALT opened at $34.17 on Tuesday. The company has a market cap of $1.59 billion, a PE ratio of 24.42 and a beta of 0.14. Innovator Defined Wealth Shield ETF has a 52-week low of $31.83 and a 52-week high of $34.22. The stock has a 50-day simple moving average of $33.85 and a 200 day simple moving average of $33.61.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BALT. Bison Wealth LLC grew its holdings in shares of Innovator Defined Wealth Shield ETF by 73.5% during the fourth quarter. Bison Wealth LLC now owns 41,232 shares of the company’s stock worth $1,296,000 after buying an additional 17,464 shares in the last quarter. AQR Capital Management LLC bought a new position in Innovator Defined Wealth Shield ETF in the first quarter valued at approximately $347,000. Jane Street Group LLC bought a new position in Innovator Defined Wealth Shield ETF in the first quarter valued at approximately $1,036,000. NewEdge Advisors LLC grew its stake in Innovator Defined Wealth Shield ETF by 105.2% in the second quarter. NewEdge Advisors LLC now owns 97,208 shares of the company’s stock valued at $3,118,000 after purchasing an additional 49,841 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in Innovator Defined Wealth Shield ETF by 18.1% in the second quarter. Ausdal Financial Partners Inc. now owns 34,396 shares of the company’s stock valued at $1,103,000 after purchasing an additional 5,274 shares in the last quarter.

Innovator Defined Wealth Shield ETF Company Profile

The Innovator Defined Wealth Shield ETF (BALT) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF over a three-month outcome period. The actively managed fund holds flex options. BALT was launched on Jul 1, 2021 and is managed by Innovator.