Short Interest in Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) Decreases By 95.5%
by Jessica Moore · The Cerbat GemInnovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR – Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 972 shares, a decline of 95.5% from the March 15th total of 21,505 shares. Based on an average daily volume of 125,385 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Innovator Nasdaq-100 Managed Floor ETF Stock Up 0.4%
QFLR stock traded up $0.14 during midday trading on Friday, hitting $34.44. The company’s stock had a trading volume of 71,594 shares, compared to its average volume of 105,828. The stock’s 50-day moving average price is $34.14 and its 200 day moving average price is $34.12. Innovator Nasdaq-100 Managed Floor ETF has a 1 year low of $26.26 and a 1 year high of $35.35. The stock has a market cap of $492.49 million, a price-to-earnings ratio of 32.95 and a beta of 0.78.
Institutional Trading of Innovator Nasdaq-100 Managed Floor ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in QFLR. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 3rd quarter worth about $39,000. Advisory Services Network LLC purchased a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 3rd quarter worth about $133,000. CoreCap Advisors LLC boosted its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 340.2% in the 3rd quarter. CoreCap Advisors LLC now owns 4,252 shares of the company’s stock worth $141,000 after purchasing an additional 3,286 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 4th quarter worth about $201,000. Finally, Truist Financial Corp purchased a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 4th quarter worth about $201,000.
Innovator Nasdaq-100 Managed Floor ETF Company Profile
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.