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

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,948 shares, a decrease of 59.7% from the April 30th total of 9,808 shares. Based on an average daily volume of 77,871 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Innovator Nasdaq-100 Managed Floor ETF Price Performance

Shares of NYSEARCA:QFLR traded down $0.10 during midday trading on Friday, hitting $36.72. 52,943 shares of the company’s stock were exchanged, compared to its average volume of 92,613. The stock has a 50 day moving average price of $34.83 and a 200-day moving average price of $34.56. The company has a market cap of $526.93 million, a PE ratio of 32.95 and a beta of 0.72. Innovator Nasdaq-100 Managed Floor ETF has a 12 month low of $28.20 and a 12 month high of $36.95.

Institutional Trading of Innovator Nasdaq-100 Managed Floor ETF

A number of institutional investors have recently modified their holdings of the business. LPL Financial LLC lifted its stake in shares of Innovator Nasdaq-100 Managed Floor ETF by 40.2% during the 4th quarter. LPL Financial LLC now owns 1,278,138 shares of the company’s stock valued at $43,815,000 after buying an additional 366,595 shares in the last quarter. COFG Advisors LLC bought a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 4th quarter worth $26,481,000. Commonwealth Equity Services LLC increased its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 8.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 514,610 shares of the company’s stock worth $17,641,000 after buying an additional 39,621 shares during the last quarter. Liberty Atlantic Advisors LLC bought a new position in shares of Innovator Nasdaq-100 Managed Floor ETF during the 4th quarter valued at $13,093,000. Finally, AE Wealth Management LLC grew its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 3.0% during the 4th quarter. AE Wealth Management LLC now owns 355,757 shares of the company’s stock valued at $12,195,000 after purchasing an additional 10,486 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.