Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Short Interest Down 66.3% in February

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 18,080 shares, a decrease of 66.3% from the January 29th total of 53,612 shares. Based on an average daily volume of 104,923 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 104,923 shares, the short-interest ratio is presently 0.2 days.

Innovator Nasdaq-100 Managed Floor ETF Stock Performance

NYSEARCA QFLR traded down $0.30 during mid-day trading on Thursday, reaching $34.55. 125,315 shares of the stock were exchanged, compared to its average volume of 90,726. Innovator Nasdaq-100 Managed Floor ETF has a 1 year low of $25.42 and a 1 year high of $35.35. The company has a market capitalization of $466.43 million, a P/E ratio of 32.95 and a beta of 0.76. The business’s 50 day moving average is $34.60 and its 200-day moving average is $33.72.

Hedge Funds Weigh In On Innovator Nasdaq-100 Managed Floor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of QFLR. Goldman Sachs Group Inc. purchased a new position in shares of Innovator Nasdaq-100 Managed Floor ETF during the 1st quarter worth about $504,000. Jane Street Group LLC boosted its position in 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 acquiring an additional 33,897 shares during the period. GWN Securities Inc. grew its holdings in Innovator Nasdaq-100 Managed Floor ETF by 24.7% during the second quarter. GWN Securities Inc. now owns 21,895 shares of the company’s stock worth $654,000 after acquiring an additional 4,343 shares during the period. Flagship Harbor Advisors LLC purchased a new position in Innovator Nasdaq-100 Managed Floor ETF in the 2nd quarter worth about $6,699,000. Finally, Golden State Wealth Management LLC raised its position in Innovator Nasdaq-100 Managed Floor ETF by 35.5% during the second quarter. Golden State Wealth Management LLC now owns 3,052 shares of the company’s stock valued at $91,000 after buying an additional 800 shares during the period.

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.