Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Short Interest Down 37.8% in July

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 42,016 shares, a decline of 37.8% from the June 30th total of 67,576 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 54,086 shares, the days-to-cover ratio is currently 0.8 days.

Innovator Nasdaq-100 Managed Floor ETF Trading Up 2.5%

Shares of QFLR traded up $0.84 during trading hours on Thursday, hitting $34.74. 140,285 shares of the stock traded hands, compared to its average volume of 84,224. The business has a fifty day moving average of $35.79 and a 200-day moving average of $35.00. The firm has a market capitalization of $521.10 million, a PE ratio of 32.95 and a beta of 0.72. Innovator Nasdaq-100 Managed Floor ETF has a 1-year low of $30.46 and a 1-year high of $36.95.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its position 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 worth $43,815,000 after buying an additional 366,595 shares during the period. COFG Advisors LLC bought a new stake in shares of Innovator Nasdaq-100 Managed Floor ETF during the fourth quarter worth approximately $26,481,000. Commonwealth Equity Services LLC lifted its holdings in Innovator Nasdaq-100 Managed Floor ETF by 8.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 514,610 shares of the company’s stock valued at $17,641,000 after buying an additional 39,621 shares during the period. Liberty Atlantic Advisors LLC acquired a new position in Innovator Nasdaq-100 Managed Floor ETF in the fourth quarter valued at approximately $13,093,000. Finally, AE Wealth Management LLC raised its position 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 acquiring 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.