Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,663 shares, a growth of 104.6% from the May 31st total of 813 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 5,064 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Trading of Innovator Gradient Tactical Rotation Strategy ETF
Several institutional investors and hedge funds have recently modified their holdings of IGTR. Royal Bank of Canada increased its holdings 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 during the period. Bank of America Corp DE acquired a new position in Innovator Gradient Tactical Rotation Strategy ETF during the 3rd quarter worth about $128,000. Jane Street Group LLC grew its position in shares of Innovator Gradient Tactical Rotation Strategy ETF by 31.2% in the 2nd quarter. Jane Street Group LLC now owns 18,177 shares of the company’s stock valued at $448,000 after buying an additional 4,319 shares during 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 buying an additional 39,972 shares during the last quarter.
Innovator Gradient Tactical Rotation Strategy ETF Stock Performance
Shares of IGTR stock traded down $0.45 during trading on Wednesday, hitting $33.52. The company had a trading volume of 1,101,704 shares, compared to its average volume of 13,378. The firm has a market capitalization of $60.34 million, a P/E ratio of 18.93 and a beta of 0.79. The stock’s 50-day moving average price is $32.17 and its 200 day moving average price is $30.14. Innovator Gradient Tactical Rotation Strategy ETF has a one year low of $24.15 and a one year high of $36.47.
About Innovator Gradient Tactical Rotation Strategy ETF
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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