Innovator Defined Wealth Shield ETF (BATS:BALT) Sees Large Decline in Short Interest

Innovator Defined Wealth Shield ETF (BATS:BALT) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 239,102 shares, a decrease of 36.9% from the September 30th total of 378,948 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 681,729 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Noble Wealth Management PBC increased its position in shares of Innovator Defined Wealth Shield ETF by 18.4% during the 2nd quarter. Noble Wealth Management PBC now owns 2,250 shares of the company’s stock valued at $77,000 after purchasing an additional 350 shares during the period. Worth Asset Management LLC lifted its holdings in shares of Innovator Defined Wealth Shield ETF by 2.3% in the second quarter. Worth Asset Management LLC now owns 16,336 shares of the company’s stock valued at $560,000 after buying an additional 366 shares during the period. IFP Advisors Inc lifted its holdings in shares of Innovator Defined Wealth Shield ETF by 3.7% in the third quarter. IFP Advisors Inc now owns 11,136 shares of the company’s stock valued at $389,000 after buying an additional 402 shares during the period. Allworth Financial LP lifted its holdings in shares of Innovator Defined Wealth Shield ETF by 1.3% in the second quarter. Allworth Financial LP now owns 31,407 shares of the company’s stock valued at $1,076,000 after buying an additional 403 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its stake in Innovator Defined Wealth Shield ETF by 2.1% during the third quarter. Ashton Thomas Private Wealth LLC now owns 21,274 shares of the company’s stock valued at $744,000 after buying an additional 435 shares in the last quarter.

Innovator Defined Wealth Shield ETF Stock Up 0.1%

BALT stock opened at $34.96 on Wednesday. Innovator Defined Wealth Shield ETF has a fifty-two week low of $32.79 and a fifty-two week high of $35.15. The firm’s 50-day simple moving average is $34.91 and its 200 day simple moving average is $34.24. The stock has a market cap of $1.62 billion, a PE ratio of 24.42 and a beta of 0.14.

About Innovator Defined Wealth Shield ETF

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.