Short Interest in Innovator Defined Wealth Shield ETF (BATS:BALT) Decreases By 42.1%

Innovator Defined Wealth Shield ETF (BATS:BALT) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 114,056 shares, a decline of 42.1% from the July 15th total of 197,002 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 519,638 shares, the days-to-cover ratio is presently 0.2 days.

Innovator Defined Wealth Shield ETF Price Performance

Shares of BATS:BALT opened at $34.71 on Wednesday. The firm’s 50 day simple moving average is $34.39 and its 200 day simple moving average is $34.01. Innovator Defined Wealth Shield ETF has a fifty-two week low of $32.43 and a fifty-two week high of $34.77. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14.

Hedge Funds Weigh In On Innovator Defined Wealth Shield ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BALT. JPMorgan Chase & Co. raised its stake in Innovator Defined Wealth Shield ETF by 46,021.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,025,929 shares of the company’s stock worth $134,909,000 after buying an additional 4,017,200 shares during the period. Wealthquest Corp lifted its holdings in shares of Innovator Defined Wealth Shield ETF by 36.9% during the 1st quarter. Wealthquest Corp now owns 3,233,718 shares of the company’s stock valued at $108,216,000 after purchasing an additional 871,138 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Innovator Defined Wealth Shield ETF by 4.8% in the 4th quarter. Osaic Holdings Inc. now owns 2,441,139 shares of the company’s stock valued at $81,802,000 after purchasing an additional 111,344 shares during the period. Raymond James Financial Inc. grew its position in shares of Innovator Defined Wealth Shield ETF by 24.5% in the 3rd quarter. Raymond James Financial Inc. now owns 2,104,517 shares of the company’s stock valued at $69,070,000 after purchasing an additional 413,938 shares during the period. Finally, Cetera Investment Advisers increased its stake in Innovator Defined Wealth Shield ETF by 4.1% during the 1st quarter. Cetera Investment Advisers now owns 1,592,364 shares of the company’s stock worth $53,288,000 after purchasing an additional 63,395 shares in the last quarter.

Innovator Defined Wealth Shield ETF Company Profile

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.