Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR – Get Free Report) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 9,808 shares, a drop of 75.3% from the April 15th total of 39,685 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 64,055 shares, the days-to-cover ratio is currently 0.2 days.
Innovator Nasdaq-100 Managed Floor ETF Price Performance
Shares of Innovator Nasdaq-100 Managed Floor ETF stock traded up $0.10 during midday trading on Wednesday, hitting $35.85. 36,137 shares of the company were exchanged, compared to its average volume of 96,829. The firm has a market cap of $514.45 million, a P/E ratio of 32.95 and a beta of 0.72. Innovator Nasdaq-100 Managed Floor ETF has a 52 week low of $27.84 and a 52 week high of $36.90. The firm has a 50 day simple moving average of $34.38 and a 200-day simple moving average of $34.40.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in QFLR. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Innovator Nasdaq-100 Managed Floor ETF during the third quarter worth about $39,000. Sound Income Strategies LLC bought a new position in Innovator Nasdaq-100 Managed Floor ETF in the first quarter valued at approximately $45,000. Advisory Services Network LLC acquired a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the third quarter valued at approximately $133,000. CoreCap Advisors LLC increased its position in shares of Innovator Nasdaq-100 Managed Floor ETF by 340.2% during the third quarter. CoreCap Advisors LLC now owns 4,252 shares of the company’s stock worth $141,000 after acquiring an additional 3,286 shares in the last quarter. Finally, Atticus Wealth Management LLC bought a new stake in shares of Innovator Nasdaq-100 Managed Floor ETF during the fourth quarter worth $201,000.
About Innovator Nasdaq-100 Managed Floor ETF
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.
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