Short Interest in Innovator IBD 50 ETF (NYSEARCA:FFTY) Drops By 55.5%

Innovator IBD 50 ETF (NYSEARCA:FFTY) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 22,782 shares, a decrease of 55.5% from the June 15th total of 51,245 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 35,607 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Innovator IBD 50 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FFTY. AlphaCore Capital LLC bought a new position in Innovator IBD 50 ETF in the fourth quarter valued at about $32,000. International Assets Investment Management LLC bought a new stake in shares of Innovator IBD 50 ETF during the fourth quarter worth about $35,000. Advisory Services Network LLC acquired a new position in shares of Innovator IBD 50 ETF in the third quarter valued at approximately $43,000. Simplex Trading LLC acquired a new position in shares of Innovator IBD 50 ETF in the fourth quarter valued at approximately $41,000. Finally, Kestra Advisory Services LLC bought a new position in Innovator IBD 50 ETF in the 4th quarter valued at approximately $72,000.

Innovator IBD 50 ETF Trading Up 1.4%

Innovator IBD 50 ETF stock traded up $0.56 during mid-day trading on Tuesday, reaching $39.71. The company had a trading volume of 17,552 shares, compared to its average volume of 68,560. The business has a fifty day simple moving average of $41.08 and a 200 day simple moving average of $38.30. The company has a market cap of $85.38 million, a P/E ratio of 30.34 and a beta of 1.45. Innovator IBD 50 ETF has a fifty-two week low of $31.61 and a fifty-two week high of $44.08.

Innovator IBD 50 ETF Company Profile

The Innovator IBD 50 ETF (FFTY) is an exchange-traded fund that is based on the IBD 50 index. The fund tracks an index of 50 US-listed stocks with aggressive growth characteristics. Holdings are selected based on fundamental and technical rankings FFTY was launched on Apr 9, 2015 and is managed by Innovator.