Innovator IBD 50 ETF (NYSEARCA:FFTY) Short Interest Up 81.6% in June

Innovator IBD 50 ETF (NYSEARCA:FFTY) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 51,245 shares, an increase of 81.6% from the May 31st total of 28,220 shares. Based on an average daily trading volume, of 46,880 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.2% of the company’s shares are short sold.

Innovator IBD 50 ETF Trading Down 2.6%

Shares of FFTY opened at $42.43 on Thursday. Innovator IBD 50 ETF has a 1-year low of $31.42 and a 1-year high of $44.08. The firm’s 50-day moving average price is $40.58 and its 200-day moving average price is $37.99. The firm has a market capitalization of $91.22 million, a price-to-earnings ratio of 30.34 and a beta of 1.45.

Institutional Trading of Innovator IBD 50 ETF

A number of hedge funds have recently modified their holdings of the business. LPL Financial LLC grew its position in shares of Innovator IBD 50 ETF by 13.1% in the 4th quarter. LPL Financial LLC now owns 52,786 shares of the company’s stock worth $1,837,000 after buying an additional 6,098 shares during the period. BNP Paribas Financial Markets purchased a new position in Innovator IBD 50 ETF during the 3rd quarter valued at about $1,494,000. Del Sette Capital Management LLC lifted its position in Innovator IBD 50 ETF by 4.6% during the 3rd quarter. Del Sette Capital Management LLC now owns 21,475 shares of the company’s stock valued at $802,000 after acquiring an additional 951 shares during the period. Bank of America Corp DE boosted its stake in Innovator IBD 50 ETF by 56.0% during the third quarter. Bank of America Corp DE now owns 19,419 shares of the company’s stock worth $725,000 after acquiring an additional 6,971 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Innovator IBD 50 ETF by 3,222.5% during the first quarter. Royal Bank of Canada now owns 18,274 shares of the company’s stock worth $611,000 after acquiring an additional 17,724 shares in the last quarter.

About Innovator IBD 50 ETF

The Innovator IBD 50 ETF (FFTY) is an exchange-traded fund that is based on the IBD 50 index. The fund tracks an index of 50 US-listed stocks with aggressive growth characteristics. Holdings are selected based on fundamental and technical rankings FFTY was launched on Apr 9, 2015 and is managed by Innovator.