Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Short Interest Up 763.3% in May

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 34,083 shares, a growth of 763.3% from the May 14th total of 3,948 shares. Based on an average daily trading volume, of 53,032 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Innovator Nasdaq-100 Managed Floor ETF Trading Down 1.2%

Shares of QFLR traded down $0.41 during midday trading on Wednesday, reaching $34.93. 21,029 shares of the stock were exchanged, compared to its average volume of 89,558. Innovator Nasdaq-100 Managed Floor ETF has a 52 week low of $28.91 and a 52 week high of $36.95. The company’s 50 day moving average is $35.21 and its two-hundred day moving average is $34.68. The company has a market capitalization of $501.25 million, a P/E ratio of 32.95 and a beta of 0.72.

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

A number of hedge funds have recently made changes to their positions in QFLR. Goldman Sachs Group Inc. purchased a new stake in shares of Innovator Nasdaq-100 Managed Floor ETF during the 1st quarter worth $504,000. Jane Street Group LLC lifted its stake in shares of Innovator Nasdaq-100 Managed Floor ETF by 94.1% during the 1st quarter. Jane Street Group LLC now owns 69,927 shares of the company’s stock worth $1,889,000 after purchasing an additional 33,897 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of Innovator Nasdaq-100 Managed Floor ETF by 18.0% during the 2nd quarter. IHT Wealth Management LLC now owns 111,833 shares of the company’s stock worth $3,337,000 after purchasing an additional 17,039 shares during the last quarter. RFG Advisory LLC lifted its stake in shares of Innovator Nasdaq-100 Managed Floor ETF by 11.2% during the 3rd quarter. RFG Advisory LLC now owns 34,747 shares of the company’s stock worth $1,152,000 after purchasing an additional 3,489 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its stake in shares of Innovator Nasdaq-100 Managed Floor ETF by 3,703.4% during the 3rd quarter. Ameritas Advisory Services LLC now owns 20,006 shares of the company’s stock worth $663,000 after purchasing an additional 19,480 shares during 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.