Innovator IBD 50 ETF (NYSEARCA:FFTY) Short Interest Up 259.9% in April

Innovator IBD 50 ETF (NYSEARCA:FFTY) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 28,287 shares, a growth of 259.9% from the April 15th total of 7,859 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily volume of 46,996 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FFTY. AlphaCore Capital LLC acquired a new position in shares of Innovator IBD 50 ETF in the fourth quarter worth about $32,000. International Assets Investment Management LLC acquired a new position in shares of Innovator IBD 50 ETF in the fourth quarter worth about $35,000. Simplex Trading LLC acquired a new position in shares of Innovator IBD 50 ETF in the fourth quarter worth about $41,000. Advisory Services Network LLC acquired a new position in shares of Innovator IBD 50 ETF in the third quarter worth about $43,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Innovator IBD 50 ETF in the fourth quarter worth about $72,000.

Innovator IBD 50 ETF Trading Up 1.2%

Shares of FFTY stock opened at $41.96 on Thursday. The company has a market capitalization of $96.51 million, a PE ratio of 30.34 and a beta of 1.47. The firm has a fifty day simple moving average of $36.70 and a 200-day simple moving average of $36.81. Innovator IBD 50 ETF has a twelve month low of $28.42 and a twelve month high of $42.30.

About Innovator IBD 50 ETF

The Innovator IBD 50 ETF (FFTY) is an exchange-traded fund that is based on the IBD 50 index. The fund tracks an index of 50 US-listed stocks with aggressive growth characteristics. Holdings are selected based on fundamental and technical rankings FFTY was launched on Apr 9, 2015 and is managed by Innovator.