Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR – Get Free Report) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 813 shares, a growth of 162.3% from the May 14th total of 310 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,564 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Trading of Innovator Gradient Tactical Rotation Strategy ETF
Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in shares of Innovator Gradient Tactical Rotation Strategy ETF by 58.5% during the 4th quarter. Royal Bank of Canada now owns 1,330 shares of the company’s stock valued at $37,000 after acquiring an additional 491 shares during the period. Bank of America Corp DE bought a new position in Innovator Gradient Tactical Rotation Strategy ETF during the third quarter valued at $128,000. Jane Street Group LLC increased its position in Innovator Gradient Tactical Rotation Strategy ETF by 31.2% in the second quarter. Jane Street Group LLC now owns 18,177 shares of the company’s stock worth $448,000 after buying an additional 4,319 shares during the last quarter. Finally, Susquehanna International Group LLP increased its position in Innovator Gradient Tactical Rotation Strategy ETF by 68.3% in the third quarter. Susquehanna International Group LLP now owns 98,484 shares of the company’s stock worth $2,602,000 after buying an additional 39,972 shares during the last quarter.
Innovator Gradient Tactical Rotation Strategy ETF Price Performance
Shares of Innovator Gradient Tactical Rotation Strategy ETF stock traded down $0.04 during trading hours on Friday, hitting $32.90. 12,917 shares of the company’s stock traded hands, compared to its average volume of 4,517. Innovator Gradient Tactical Rotation Strategy ETF has a 12-month low of $23.57 and a 12-month high of $34.25. The stock has a market capitalization of $59.22 million, a price-to-earnings ratio of 18.93 and a beta of 0.79. The company has a fifty day simple moving average of $31.07 and a 200-day simple moving average of $29.52.
About Innovator Gradient Tactical Rotation Strategy ETF
The Innovator Gradient Tactical Rotation Strategy ETF (IGTR) is an exchange-traded fund that is based on the S&P Global BMI – USD index. The fund is an actively managed fund that uses a proprietary, rules-based approach to toggle investments among various equity markets and cash. The funds tactical strategy determines investments based on momentum. IGTR was launched on Nov 17, 2022 and is managed by Innovator.
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