Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Short Interest Down 37.8% in July

Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 42,016 shares, a decline of 37.8% from the June 30th total of 67,576 shares. Based on an average daily volume of 54,086 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the shares of the stock are sold short.

Innovator Nasdaq-100 Managed Floor ETF Stock Up 0.6%

NYSEARCA QFLR traded up $0.20 on Friday, reaching $34.94. 72,756 shares of the stock traded hands, compared to its average volume of 84,144. The firm’s fifty day simple moving average is $35.77 and its 200 day simple moving average is $35.00. The company has a market cap of $524.10 million, a price-to-earnings ratio of 32.95 and a beta of 0.72. Innovator Nasdaq-100 Managed Floor ETF has a 12 month low of $30.46 and a 12 month high of $36.95.

Institutional Trading of Innovator Nasdaq-100 Managed Floor ETF

Several institutional investors have recently modified their holdings of the company. LPL Financial LLC grew its holdings in Innovator Nasdaq-100 Managed Floor ETF by 40.2% during the fourth quarter. LPL Financial LLC now owns 1,278,138 shares of the company’s stock worth $43,815,000 after acquiring an additional 366,595 shares during the period. COFG Advisors LLC acquired a new stake in Innovator Nasdaq-100 Managed Floor ETF in the 4th quarter valued at about $26,481,000. Commonwealth Equity Services LLC lifted its holdings in Innovator Nasdaq-100 Managed Floor ETF by 8.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 514,610 shares of the company’s stock valued at $17,641,000 after acquiring an additional 39,621 shares during the last quarter. Liberty Atlantic Advisors LLC acquired a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 4th quarter worth approximately $13,093,000. Finally, AE Wealth Management LLC grew its stake in shares of Innovator Nasdaq-100 Managed Floor ETF by 3.0% in the 4th quarter. AE Wealth Management LLC now owns 355,757 shares of the company’s stock worth $12,195,000 after purchasing an additional 10,486 shares during the last quarter.

Innovator Nasdaq-100 Managed Floor ETF Company Profile

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.