Innovator Defined Wealth Shield ETF (BATS:BALT) Sees Large Growth in Short Interest

Innovator Defined Wealth Shield ETF (BATS:BALT) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 155,075 shares, a growth of 84.8% from the June 15th total of 83,932 shares. Based on an average daily trading volume, of 525,818 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Innovator Defined Wealth Shield ETF Stock Performance

Shares of BALT opened at $34.44 on Friday. Innovator Defined Wealth Shield ETF has a fifty-two week low of $32.21 and a fifty-two week high of $34.46. The firm has a 50-day simple moving average of $34.20 and a 200-day simple moving average of $33.86. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14.

Institutional Investors Weigh In On Innovator Defined Wealth Shield ETF

Large investors have recently modified their holdings of the stock. Galvin Gaustad & Stein LLC purchased a new position in Innovator Defined Wealth Shield ETF during the 4th quarter worth $659,000. AE Wealth Management LLC boosted its holdings in shares of Innovator Defined Wealth Shield ETF by 27.3% in the fourth quarter. AE Wealth Management LLC now owns 688,541 shares of the company’s stock valued at $23,073,000 after acquiring an additional 147,747 shares in the last quarter. BCS Wealth Management boosted its holdings in shares of Innovator Defined Wealth Shield ETF by 78.6% in the fourth quarter. BCS Wealth Management now owns 63,887 shares of the company’s stock valued at $2,141,000 after acquiring an additional 28,107 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Innovator Defined Wealth Shield ETF by 16.9% during the fourth quarter. Farther Finance Advisors LLC now owns 211,740 shares of the company’s stock worth $7,095,000 after acquiring an additional 30,644 shares during the period. Finally, Clear Creek Financial Management LLC increased its stake in shares of Innovator Defined Wealth Shield ETF by 8.0% during the fourth quarter. Clear Creek Financial Management LLC now owns 605,866 shares of the company’s stock worth $20,303,000 after acquiring an additional 44,623 shares during the period.

Innovator Defined Wealth Shield ETF Company Profile

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.