Innovator IBD 50 ETF (NYSEARCA:FFTY) Short Interest Down 34.7% in May

Innovator IBD 50 ETF (NYSEARCA:FFTY) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 28,220 shares, a decrease of 34.7% from the May 14th total of 43,223 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 40,742 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Innovator IBD 50 ETF

Institutional investors and hedge funds have recently modified their holdings of the business. AlphaCore Capital LLC bought a new position in shares of Innovator IBD 50 ETF during the 4th quarter worth approximately $32,000. International Assets Investment Management LLC bought a new position in shares of Innovator IBD 50 ETF during the 4th quarter worth approximately $35,000. Simplex Trading LLC bought a new position in shares of Innovator IBD 50 ETF during the 4th quarter worth approximately $41,000. Advisory Services Network LLC bought a new position in shares of Innovator IBD 50 ETF during the 3rd quarter worth approximately $43,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Innovator IBD 50 ETF during the 4th quarter worth approximately $72,000.

Innovator IBD 50 ETF Stock Performance

Shares of Innovator IBD 50 ETF stock traded down $0.49 on Tuesday, reaching $42.01. 28,249 shares of the company’s stock were exchanged, compared to its average volume of 73,371. The company has a market capitalization of $96.62 million, a P/E ratio of 30.34 and a beta of 1.47. Innovator IBD 50 ETF has a 52 week low of $30.02 and a 52 week high of $42.72. The firm’s 50-day moving average is $38.93 and its two-hundred day moving average is $37.39.

Innovator IBD 50 ETF Company Profile

The Innovator IBD 50 ETF (FFTY) is an exchange-traded fund that is based on the IBD 50 index. The fund tracks an index of 50 US-listed stocks with aggressive growth characteristics. Holdings are selected based on fundamental and technical rankings FFTY was launched on Apr 9, 2015 and is managed by Innovator.