Innovator Equity Defined Protection ETF – 6 Mo Jan/Jul (BATS:JAJL) Short Interest Down 77.4% in May

Innovator Equity Defined Protection ETF – 6 Mo Jan/Jul (BATS:JAJL) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 7,136 shares, a drop of 77.4% from the April 30th total of 31,606 shares. Based on an average daily trading volume, of 25,373 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JAJL. Cassady Wealth & Retirement Planning LLC lifted its stake in Innovator Equity Defined Protection ETF – 6 Mo Jan/Jul by 2.3% in the 1st quarter. Cassady Wealth & Retirement Planning LLC now owns 16,447 shares of the company’s stock valued at $487,000 after buying an additional 367 shares in the last quarter. Waverly Advisors LLC increased its position in Innovator Equity Defined Protection ETF – 6 Mo Jan/Jul by 7.4% during the first quarter. Waverly Advisors LLC now owns 10,204 shares of the company’s stock worth $297,000 after buying an additional 700 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Innovator Equity Defined Protection ETF – 6 Mo Jan/Jul by 4.5% in the first quarter. Cetera Investment Advisers now owns 39,607 shares of the company’s stock valued at $1,151,000 after acquiring an additional 1,718 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of Innovator Equity Defined Protection ETF – 6 Mo Jan/Jul during the first quarter valued at $424,000. Finally, Archer Investment Corp boosted its stake in shares of Innovator Equity Defined Protection ETF – 6 Mo Jan/Jul by 305.0% during the first quarter. Archer Investment Corp now owns 8,830 shares of the company’s stock valued at $257,000 after acquiring an additional 6,650 shares during the last quarter.

Innovator Equity Defined Protection ETF – 6 Mo Jan/Jul Stock Down 0.1%

Innovator Equity Defined Protection ETF – 6 Mo Jan/Jul stock opened at $29.75 on Friday. Innovator Equity Defined Protection ETF – 6 Mo Jan/Jul has a 52 week low of $27.46 and a 52 week high of $29.79. The firm’s 50-day simple moving average is $29.43 and its 200 day simple moving average is $29.20. The firm has a market capitalization of $250.79 million and a PE ratio of 25.04.

About Innovator Equity Defined Protection ETF – 6 Mo Jan/Jul

The Innovator 6mo Jan/Jul (JAJL) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to track the return of the SPDR S&P 500 ETF Trust (SPY), to a cap, with 100% downside hedge over a six-month outcome period. The actively managed fund holds FLEX options to obtain exposure JAJL was launched on Jul 1, 2024 and is issued by Innovator.