Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 310 shares, an increase of 192.5% from the April 30th total of 106 shares. Based on an average trading volume of 3,232 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Innovator Gradient Tactical Rotation Strategy ETF by 58.5% in the fourth quarter. Royal Bank of Canada now owns 1,330 shares of the company’s stock valued at $37,000 after purchasing an additional 491 shares in the last quarter. Bank of America Corp DE bought a new position in Innovator Gradient Tactical Rotation Strategy ETF in the third quarter valued at $128,000. Jane Street Group LLC grew its position in Innovator Gradient Tactical Rotation Strategy ETF by 31.2% in the second quarter. Jane Street Group LLC now owns 18,177 shares of the company’s stock valued at $448,000 after purchasing an additional 4,319 shares in the last quarter. Finally, Susquehanna International Group LLP grew its position in shares of Innovator Gradient Tactical Rotation Strategy ETF by 68.3% in the 3rd quarter. Susquehanna International Group LLP now owns 98,484 shares of the company’s stock valued at $2,602,000 after acquiring an additional 39,972 shares during the period.
Innovator Gradient Tactical Rotation Strategy ETF Stock Up 1.1%
Shares of NYSEARCA:IGTR traded up $0.38 during midday trading on Friday, reaching $33.48. 1,274 shares of the company were exchanged, compared to its average volume of 4,427. Innovator Gradient Tactical Rotation Strategy ETF has a fifty-two week low of $23.57 and a fifty-two week high of $33.55. The stock has a fifty day simple moving average of $30.20 and a two-hundred day simple moving average of $29.10. The firm has a market cap of $60.26 million, a PE ratio of 18.93 and a beta of 0.75.
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.
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