Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) Short Interest Update

Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 813 shares, an increase of 162.3% from the May 14th total of 310 shares. Based on an average daily volume of 1,564 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IGTR. Royal Bank of Canada grew its stake in Innovator Gradient Tactical Rotation Strategy ETF by 58.5% during the 4th quarter. Royal Bank of Canada now owns 1,330 shares of the company’s stock valued at $37,000 after acquiring an additional 491 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Innovator Gradient Tactical Rotation Strategy ETF by 31.2% in the 2nd quarter. Jane Street Group LLC now owns 18,177 shares of the company’s stock valued at $448,000 after buying an additional 4,319 shares in the last quarter. Susquehanna International Group LLP grew its stake in shares of Innovator Gradient Tactical Rotation Strategy ETF by 68.3% in the 3rd quarter. Susquehanna International Group LLP now owns 98,484 shares of the company’s stock valued at $2,602,000 after buying an additional 39,972 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Innovator Gradient Tactical Rotation Strategy ETF in the 3rd quarter valued at approximately $128,000.

Innovator Gradient Tactical Rotation Strategy ETF Trading Down 0.1%

NYSEARCA:IGTR traded down $0.04 during mid-day trading on Friday, reaching $32.90. 12,917 shares of the stock were exchanged, compared to its average volume of 4,517. The business has a fifty day moving average price of $31.07 and a 200 day moving average price of $29.52. The firm has a market capitalization of $59.22 million, a PE ratio of 18.93 and a beta of 0.79. Innovator Gradient Tactical Rotation Strategy ETF has a 1-year low of $23.57 and a 1-year high of $34.25.

Innovator Gradient Tactical Rotation Strategy ETF Company Profile

The Innovator Gradient Tactical Rotation Strategy ETF (IGTR) is an exchange-traded fund that is based on the S&P Global BMI – USD index. The fund is an actively managed fund that uses a proprietary, rules-based approach to toggle investments among various equity markets and cash. The funds tactical strategy determines investments based on momentum. IGTR was launched on Nov 17, 2022 and is managed by Innovator.