Short Interest in Innovator Growth Accelerated Plus ETF – April (BATS:QTAP) Expands By 295.8%

Innovator Growth Accelerated Plus ETF – April (BATS:QTAP) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 24,380 shares, a growth of 295.8% from the May 31st total of 6,159 shares. Approximately 3.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,166 shares, the days-to-cover ratio is presently 4.7 days.

Innovator Growth Accelerated Plus ETF – April Trading Down 0.2%

QTAP stock opened at $50.61 on Friday. Innovator Growth Accelerated Plus ETF – April has a 12-month low of $41.74 and a 12-month high of $51.46. The business’s 50-day moving average is $50.53 and its 200 day moving average is $47.15. The stock has a market cap of $37.96 million, a price-to-earnings ratio of 31.73 and a beta of 0.94.

Institutional Trading of Innovator Growth Accelerated Plus ETF – April

Several large investors have recently made changes to their positions in QTAP. Commonwealth Equity Services LLC lifted its holdings in Innovator Growth Accelerated Plus ETF – April by 106.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 91,917 shares of the company’s stock valued at $4,117,000 after purchasing an additional 47,333 shares in the last quarter. Lido Advisors LLC purchased a new stake in shares of Innovator Growth Accelerated Plus ETF – April during the fourth quarter worth $2,493,000. Goldman Sachs Group Inc. purchased a new stake in shares of Innovator Growth Accelerated Plus ETF – April during the fourth quarter worth $1,824,000. Sunbelt Securities Inc. raised its position in shares of Innovator Growth Accelerated Plus ETF – April by 14.1% in the third quarter. Sunbelt Securities Inc. now owns 39,057 shares of the company’s stock valued at $1,708,000 after buying an additional 4,826 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of Innovator Growth Accelerated Plus ETF – April by 326.2% in the third quarter. Citadel Advisors LLC now owns 35,284 shares of the company’s stock worth $1,543,000 after buying an additional 27,006 shares in the last quarter.

About Innovator Growth Accelerated Plus ETF – April

The Innovator Growth-100 Accelerated Plus ETF – April (QTAP) is an exchange-traded fund that is based on the Invesco QQQ Trust index. The fund aims for 3x the price return of Invesco QQQ Trust ETF (QQQ), subject to an upside return cap over a specific holdings period. QTAP was launched on Apr 1, 2021 and is managed by Innovator.