Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) Short Interest Up 104.6% in June

Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 1,663 shares, an increase of 104.6% from the May 31st total of 813 shares. Based on an average daily volume of 5,064 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Innovator Gradient Tactical Rotation Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings 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 worth $37,000 after purchasing an additional 491 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Innovator Gradient Tactical Rotation Strategy ETF by 31.2% in the 2nd 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 during the last quarter. Bank of America Corp DE acquired a new stake in shares of Innovator Gradient Tactical Rotation Strategy ETF in the 3rd quarter valued at about $128,000. Finally, Susquehanna International Group LLP boosted its position in shares of Innovator Gradient Tactical Rotation Strategy ETF by 68.3% in the 3rd quarter. Susquehanna International Group LLP now owns 98,484 shares of the company’s stock valued at $2,602,000 after purchasing an additional 39,972 shares during the period.

Innovator Gradient Tactical Rotation Strategy ETF Stock Performance

Shares of NYSEARCA:IGTR opened at $33.52 on Thursday. The firm has a 50 day simple moving average of $32.22 and a 200-day simple moving average of $30.18. Innovator Gradient Tactical Rotation Strategy ETF has a twelve month low of $24.15 and a twelve month high of $36.47. The company has a market capitalization of $58.66 million, a PE ratio of 18.93 and a beta of 0.78.

Innovator Gradient Tactical Rotation Strategy ETF Company Profile

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.