Innovator Defined Wealth Shield ETF (BATS:BALT – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 279,635 shares, an increase of 93.6% from the August 31st total of 144,414 shares. Based on an average trading volume of 427,915 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the company’s shares are short sold.
Innovator Defined Wealth Shield ETF Stock Performance
Innovator Defined Wealth Shield ETF stock opened at $34.92 on Tuesday. The company’s 50 day simple moving average is $34.68 and its 200-day simple moving average is $34.23. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14. Innovator Defined Wealth Shield ETF has a 1 year low of $32.69 and a 1 year high of $35.09.
Institutional Trading of Innovator Defined Wealth Shield ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Analysts LLC lifted its stake in Innovator Defined Wealth Shield ETF by 11.4% during the second quarter. Capital Analysts LLC now owns 48,331 shares of the company’s stock worth $1,656,000 after purchasing an additional 4,937 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Innovator Defined Wealth Shield ETF in the second quarter valued at $286,000. NewEdge Advisors LLC raised its holdings in shares of Innovator Defined Wealth Shield ETF by 42.8% in the 2nd quarter. NewEdge Advisors LLC now owns 716,670 shares of the company’s stock valued at $24,560,000 after buying an additional 214,836 shares during the period. Allworth Financial LP raised its holdings in shares of Innovator Defined Wealth Shield ETF by 1.3% in the 2nd quarter. Allworth Financial LP now owns 31,407 shares of the company’s stock valued at $1,076,000 after buying an additional 403 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in Innovator Defined Wealth Shield ETF during the 2nd quarter worth about $597,000.
About Innovator Defined Wealth Shield ETF
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.
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