Short Interest in Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Drops By 37.8%

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 42,016 shares, a drop of 37.8% from the June 30th total of 67,576 shares. Based on an average daily volume of 54,086 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the stock are short sold.

Innovator Nasdaq-100 Managed Floor ETF Stock Up 2.5%

QFLR traded up $0.84 during trading on Thursday, hitting $34.74. The company’s stock had a trading volume of 140,285 shares, compared to its average volume of 84,224. The firm’s 50 day moving average price is $35.79 and its two-hundred day moving average price is $35.00. Innovator Nasdaq-100 Managed Floor ETF has a 12 month low of $30.46 and a 12 month high of $36.95. The stock has a market capitalization of $521.10 million, a price-to-earnings ratio of 32.95 and a beta of 0.72.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QFLR. CCG Wealth Management LLC bought a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the fourth quarter worth about $1,000,000. IMG Wealth Management Inc. bought a new stake in shares of Innovator Nasdaq-100 Managed Floor ETF during the fourth quarter valued at approximately $789,000. Farther Finance Advisors LLC increased its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 17.7% in the fourth quarter. Farther Finance Advisors LLC now owns 167,317 shares of the company’s stock valued at $5,736,000 after purchasing an additional 25,165 shares in the last quarter. Rothschild Wealth LLC raised its position in Innovator Nasdaq-100 Managed Floor ETF by 44.2% in the 4th quarter. Rothschild Wealth LLC now owns 58,964 shares of the company’s stock worth $2,021,000 after purchasing an additional 18,074 shares during the last quarter. Finally, Liberty Atlantic Advisors LLC bought a new position in Innovator Nasdaq-100 Managed Floor ETF in the 4th quarter worth approximately $13,093,000.

Innovator Nasdaq-100 Managed Floor ETF Company Profile

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.