Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) Short Interest Up 162.3% in May

Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 813 shares, a growth of 162.3% from the May 14th total of 310 shares. Based on an average trading volume of 1,564 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of Innovator Gradient Tactical Rotation Strategy ETF by 58.5% during the fourth quarter. Royal Bank of Canada now owns 1,330 shares of the company’s stock valued at $37,000 after buying an additional 491 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Innovator Gradient Tactical Rotation Strategy ETF during the third quarter valued at approximately $128,000. Jane Street Group LLC boosted its position in shares of Innovator Gradient Tactical Rotation Strategy ETF by 31.2% during the second quarter. Jane Street Group LLC now owns 18,177 shares of the company’s stock valued at $448,000 after buying an additional 4,319 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its position in shares of Innovator Gradient Tactical Rotation Strategy ETF by 68.3% during the third quarter. Susquehanna International Group LLP now owns 98,484 shares of the company’s stock valued at $2,602,000 after buying an additional 39,972 shares during the last quarter.

Innovator Gradient Tactical Rotation Strategy ETF Stock Performance

Innovator Gradient Tactical Rotation Strategy ETF stock traded down $0.04 during mid-day trading on Friday, reaching $32.90. The stock had a trading volume of 12,917 shares, compared to its average volume of 4,517. Innovator Gradient Tactical Rotation Strategy ETF has a fifty-two week low of $23.57 and a fifty-two week high of $34.25. The stock’s 50-day simple moving average is $31.07 and its 200-day simple moving average is $29.52. The firm has a market capitalization of $59.22 million, a PE ratio of 18.93 and a beta of 0.79.

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.