Innovator IBD 50 ETF (NYSEARCA:FFTY) Short Interest Update

Innovator IBD 50 ETF (NYSEARCA:FFTY) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 28,220 shares, a drop of 34.7% from the May 14th total of 43,223 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily volume of 40,742 shares, the days-to-cover ratio is currently 0.7 days.

Innovator IBD 50 ETF Stock Performance

Shares of Innovator IBD 50 ETF stock traded up $0.76 during midday trading on Wednesday, reaching $42.25. 14,630 shares of the company’s stock traded hands, compared to its average volume of 73,044. The company has a market cap of $97.18 million, a price-to-earnings ratio of 30.34 and a beta of 1.47. The company’s 50 day simple moving average is $39.08 and its 200 day simple moving average is $37.43. Innovator IBD 50 ETF has a 52 week low of $30.02 and a 52 week high of $42.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in shares of Innovator IBD 50 ETF by 3,222.5% during the 1st quarter. Royal Bank of Canada now owns 18,274 shares of the company’s stock valued at $611,000 after purchasing an additional 17,724 shares in the last quarter. NewEdge Advisors LLC grew its stake in Innovator IBD 50 ETF by 48.4% in the 4th quarter. NewEdge Advisors LLC now owns 3,883 shares of the company’s stock valued at $135,000 after buying an additional 1,266 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Innovator IBD 50 ETF in the 4th quarter valued at $72,000. Jane Street Group LLC acquired a new position in Innovator IBD 50 ETF in the 4th quarter valued at $282,000. Finally, HRT Financial LP acquired a new stake in Innovator IBD 50 ETF in the 4th quarter worth $507,000.

Innovator IBD 50 ETF Company Profile

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.