Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) Short Interest Update

Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 244 shares, a drop of 38.2% from the January 15th total of 395 shares. Based on an average daily volume of 5,493 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 5,493 shares, the days-to-cover ratio is presently 0.0 days.

Innovator Gradient Tactical Rotation Strategy ETF Price Performance

Shares of IGTR traded up $0.15 during midday trading on Friday, hitting $30.17. 3,005 shares of the company traded hands, compared to its average volume of 3,937. The stock has a 50-day moving average of $28.67 and a 200-day moving average of $27.06. Innovator Gradient Tactical Rotation Strategy ETF has a one year low of $22.07 and a one year high of $30.32. The firm has a market cap of $58.83 million, a P/E ratio of 18.93 and a beta of 0.74.

Innovator Gradient Tactical Rotation Strategy ETF Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in shares of Innovator Gradient Tactical Rotation Strategy ETF during the 3rd quarter worth $128,000. Accurate Wealth Management LLC purchased a new stake in Innovator Gradient Tactical Rotation Strategy ETF during the third quarter valued at about $384,000. Jane Street Group LLC lifted its stake in 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 worth $448,000 after purchasing an additional 4,319 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its stake in 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 worth $2,602,000 after purchasing an additional 39,972 shares during the last quarter.

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.