Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Sees Significant Drop in Short Interest

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 8,324 shares, a decline of 54.0% from the February 12th total of 18,080 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 76,251 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 76,251 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Innovator Nasdaq-100 Managed Floor ETF Trading Down 1.5%

Innovator Nasdaq-100 Managed Floor ETF stock traded down $0.51 during midday trading on Thursday, reaching $34.00. 46,936 shares of the stock traded hands, compared to its average volume of 90,372. Innovator Nasdaq-100 Managed Floor ETF has a 12-month low of $25.42 and a 12-month high of $35.35. The company has a 50-day simple moving average of $34.61 and a two-hundred day simple moving average of $33.91. The firm has a market cap of $459 million, a PE ratio of 32.95 and a beta of 0.76.

Institutional Investors Weigh In On Innovator Nasdaq-100 Managed Floor ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. ATX Financial Planning LLC acquired a new stake in Innovator Nasdaq-100 Managed Floor ETF during the fourth quarter worth approximately $11,918,000. OLD Mission Capital LLC acquired a new position in Innovator Nasdaq-100 Managed Floor ETF during the fourth quarter valued at approximately $226,000. Claro Advisors Inc. raised its position in Innovator Nasdaq-100 Managed Floor ETF by 5.6% in the fourth quarter. Claro Advisors Inc. now owns 24,309 shares of the company’s stock valued at $833,000 after purchasing an additional 1,300 shares during the period. Cetera Investment Advisers lifted its position in Innovator Nasdaq-100 Managed Floor ETF by 14.8% during the 4th quarter. Cetera Investment Advisers now owns 260,989 shares of the company’s stock worth $8,947,000 after acquiring an additional 33,623 shares in the last quarter. Finally, Equitable Holdings Inc. lifted its position in shares of Innovator Nasdaq-100 Managed Floor ETF by 14.7% during the fourth quarter. Equitable Holdings Inc. now owns 16,363 shares of the company’s stock worth $561,000 after purchasing an additional 2,096 shares in the last quarter.

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.