Short Interest in Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Rises By 94.4%

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 54,889 shares, an increase of 94.4% from the July 30th total of 28,235 shares. Based on an average trading volume of 50,722 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Trading of Innovator Nasdaq-100 Managed Floor ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Beacon Financial Advisory LLC boosted its position in shares of Innovator Nasdaq-100 Managed Floor ETF by 2.4% during the 2nd quarter. Beacon Financial Advisory LLC now owns 14,206 shares of the company’s stock valued at $518,000 after purchasing an additional 337 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Innovator Nasdaq-100 Managed Floor ETF by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,476 shares of the company’s stock worth $462,000 after purchasing an additional 393 shares in the last quarter. Navis Wealth Advisors LLC lifted its stake in Innovator Nasdaq-100 Managed Floor ETF by 3.2% in the third quarter. Navis Wealth Advisors LLC now owns 15,357 shares of the company’s stock valued at $509,000 after buying an additional 469 shares during the period. Equitable Holdings Inc. lifted its stake in Innovator Nasdaq-100 Managed Floor ETF by 6.9% in the third quarter. Equitable Holdings Inc. now owns 14,267 shares of the company’s stock valued at $473,000 after buying an additional 924 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Innovator Nasdaq-100 Managed Floor ETF during the 3rd quarter worth approximately $39,000.

Innovator Nasdaq-100 Managed Floor ETF Stock Down 0.1%

Shares of QFLR stock traded down $0.05 during trading hours on Monday, hitting $35.10. 40,759 shares of the company’s stock traded hands, compared to its average volume of 83,230. The stock has a market cap of $526.50 million, a PE ratio of 32.95 and a beta of 0.74. The stock’s 50 day simple moving average is $35.42 and its 200 day simple moving average is $35.09. Innovator Nasdaq-100 Managed Floor ETF has a 12 month low of $31.12 and a 12 month high of $36.95.

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.