Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Short Interest Up 158.3% in March

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 21,505 shares, a growth of 158.3% from the February 26th total of 8,324 shares. Based on an average trading volume of 84,378 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

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

Institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans purchased a new position in shares of Innovator Nasdaq-100 Managed Floor ETF during the 2nd quarter worth approximately $2,045,000. Farther Finance Advisors LLC boosted its position in shares of Innovator Nasdaq-100 Managed Floor ETF by 168.3% during the third quarter. Farther Finance Advisors LLC now owns 142,152 shares of the company’s stock valued at $4,712,000 after purchasing an additional 89,177 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Innovator Nasdaq-100 Managed Floor ETF in the second quarter worth $44,000. HFG Wealth Management LLC raised its holdings in Innovator Nasdaq-100 Managed Floor ETF by 6.3% in the third quarter. HFG Wealth Management LLC now owns 423,263 shares of the company’s stock worth $14,031,000 after purchasing an additional 25,078 shares in the last quarter. Finally, Advisor Resource Council purchased a new position in Innovator Nasdaq-100 Managed Floor ETF during the third quarter valued at $492,000.

Innovator Nasdaq-100 Managed Floor ETF Price Performance

Innovator Nasdaq-100 Managed Floor ETF stock traded down $0.53 during mid-day trading on Friday, reaching $32.71. 201,945 shares of the company traded hands, compared to its average volume of 90,374. Innovator Nasdaq-100 Managed Floor ETF has a 52-week low of $25.42 and a 52-week high of $35.35. The firm has a market capitalization of $441.59 million, a price-to-earnings ratio of 32.95 and a beta of 0.76. The firm’s 50 day moving average price is $34.42 and its 200 day moving average price is $34.05.

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.