Innovator Defined Wealth Shield ETF (BATS:BALT) Short Interest Up 68.7% in August

Innovator Defined Wealth Shield ETF (BATS:BALT) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 192,416 shares, a growth of 68.7% from the July 30th total of 114,056 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 385,882 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Arete Wealth Advisors LLC increased its stake in shares of Innovator Defined Wealth Shield ETF by 1.6% during the fourth quarter. Arete Wealth Advisors LLC now owns 21,083 shares of the company’s stock valued at $706,000 after acquiring an additional 333 shares during the period. Noble Wealth Management PBC lifted its position in Innovator Defined Wealth Shield ETF by 18.4% in the second quarter. Noble Wealth Management PBC now owns 2,250 shares of the company’s stock worth $77,000 after purchasing an additional 350 shares during the period. Worth Asset Management LLC boosted its stake in Innovator Defined Wealth Shield ETF by 2.3% during the 2nd quarter. Worth Asset Management LLC now owns 16,336 shares of the company’s stock valued at $560,000 after purchasing an additional 366 shares in the last quarter. Cambridge Advisors Inc. boosted its stake in Innovator Defined Wealth Shield ETF by 4.7% during the 1st quarter. Cambridge Advisors Inc. now owns 10,004 shares of the company’s stock valued at $335,000 after purchasing an additional 450 shares in the last quarter. Finally, Tradition Wealth Management LLC boosted its stake in Innovator Defined Wealth Shield ETF by 7.0% during the 4th quarter. Tradition Wealth Management LLC now owns 9,074 shares of the company’s stock valued at $304,000 after purchasing an additional 592 shares in the last quarter.

Innovator Defined Wealth Shield ETF Price Performance

Shares of BALT opened at $34.75 on Tuesday. The firm has a market capitalization of $1.61 billion, a PE ratio of 24.42 and a beta of 0.14. The firm has a 50-day moving average price of $34.48 and a 200 day moving average price of $34.08. Innovator Defined Wealth Shield ETF has a 52-week low of $32.48 and a 52-week high of $34.81.

Innovator Defined Wealth Shield ETF Company Profile

The Innovator Defined Wealth Shield ETF (BALT) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF over a three-month outcome period. The actively managed fund holds flex options. BALT was launched on Jul 1, 2021 and is managed by Innovator.