Short Interest in Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) Grows By 956.9%

Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 3,530 shares, an increase of 956.9% from the February 26th total of 334 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 4,519 shares, the days-to-cover ratio is currently 0.8 days.

Innovator Gradient Tactical Rotation Strategy ETF Stock Down 2.2%

Shares of Innovator Gradient Tactical Rotation Strategy ETF stock traded down $0.61 during trading on Thursday, reaching $27.74. 394 shares of the company were exchanged, compared to its average volume of 4,615. Innovator Gradient Tactical Rotation Strategy ETF has a twelve month low of $22.07 and a twelve month high of $30.98. The business has a 50-day moving average price of $29.32 and a 200-day moving average price of $27.94. The firm has a market capitalization of $54.09 million, a price-to-earnings ratio of 18.93 and a beta of 0.74.

Innovator Gradient Tactical Rotation Strategy ETF Announces Dividend

The business also recently announced an annual dividend, which was paid on Friday, January 2nd. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.2241 per share. The ex-dividend date was Wednesday, December 31st. This represents a yield of 80.0%.

Institutional Trading of Innovator Gradient Tactical Rotation Strategy ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Innovator Gradient Tactical Rotation Strategy ETF by 58.5% in the 4th quarter. Royal Bank of Canada now owns 1,330 shares of the company’s stock valued at $37,000 after acquiring an additional 491 shares during the period. Bank of America Corp DE acquired a new position in Innovator Gradient Tactical Rotation Strategy ETF during the third quarter valued at approximately $128,000. Accurate Wealth Management LLC bought a new stake in Innovator Gradient Tactical Rotation Strategy ETF in the third quarter valued at approximately $384,000. Jane Street Group LLC increased its stake in Innovator Gradient Tactical Rotation Strategy ETF by 31.2% in the second quarter. Jane Street Group LLC now owns 18,177 shares of the company’s stock valued at $448,000 after purchasing an additional 4,319 shares in the last quarter. Finally, Susquehanna International Group LLP raised its holdings in Innovator Gradient Tactical Rotation Strategy ETF by 68.3% in the third quarter. Susquehanna International Group LLP now owns 98,484 shares of the company’s stock worth $2,602,000 after purchasing an additional 39,972 shares during the period.

About Innovator Gradient Tactical Rotation Strategy ETF

The Innovator Gradient Tactical Rotation Strategy ETF (IGTR) is an exchange-traded fund that is based on the S&P Global BMI – USD index. The fund is an actively managed fund that uses a proprietary, rules-based approach to toggle investments among various equity markets and cash. The funds tactical strategy determines investments based on momentum. IGTR was launched on Nov 17, 2022 and is managed by Innovator.