Short Interest in Innovator Growth Accelerated Plus ETF – April (BATS:QTAP) Increases By 751.4%

Innovator Growth Accelerated Plus ETF – April (BATS:QTAP) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,780 shares, an increase of 751.4% from the April 15th total of 444 shares. Based on an average daily trading volume, of 7,553 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Trading of Innovator Growth Accelerated Plus ETF – April

A number of institutional investors and hedge funds have recently modified their holdings of QTAP. Focus Financial Network Inc. grew its holdings in Innovator Growth Accelerated Plus ETF – April by 15.7% during the fourth quarter. Focus Financial Network Inc. now owns 23,097 shares of the company’s stock valued at $1,035,000 after purchasing an additional 3,141 shares during the period. Sunbelt Securities Inc. grew its holdings in Innovator Growth Accelerated Plus ETF – April by 14.1% during the third quarter. Sunbelt Securities Inc. now owns 39,057 shares of the company’s stock valued at $1,708,000 after purchasing an additional 4,826 shares during the period. Welch Financial Planning LLC bought a new position in Innovator Growth Accelerated Plus ETF – April during the fourth quarter valued at $221,000. Kestra Advisory Services LLC bought a new position in Innovator Growth Accelerated Plus ETF – April during the first quarter valued at $939,000. Finally, Susquehanna International Group LLP grew its holdings in Innovator Growth Accelerated Plus ETF – April by 416.5% during the third quarter. Susquehanna International Group LLP now owns 28,934 shares of the company’s stock valued at $1,265,000 after purchasing an additional 23,332 shares during the period.

Innovator Growth Accelerated Plus ETF – April Stock Performance

QTAP stock opened at $50.72 on Tuesday. The stock’s 50 day simple moving average is $47.18 and its 200 day simple moving average is $45.53. Innovator Growth Accelerated Plus ETF – April has a fifty-two week low of $39.56 and a fifty-two week high of $50.86. The company has a market cap of $38.04 million, a P/E ratio of 31.73 and a beta of 0.94.

Innovator Growth Accelerated Plus ETF – April Company Profile

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.