Innovator Nasdaq-100 10 Buffer ETF - Quarterly (NASDAQ:QBUF) Stock Short Interest Falls 43.3%

Key Points

• Short interest fell 43.3% to 50,889 shares as of October 15, down from 89,733 shares on September 30. Short interest represents 0.8% of shares outstanding, with a days-to-cover ratio of 1.0.
• Institutional activity was broadly positive in the third quarter, with ARQ Wealth Advisors and Triumph Capital Management increasing their holdings, while Brookstone Capital Management and Diligent Investors initiated new positions.
• QBUF recently traded at $30.11, within its 12-month range of $28.50 to $31.33. The ETF is designed to track the QQQ’s gains up to a cap while buffering the first 10% of quarterly declines.

Innovator Nasdaq-100 10 Buffer ETF - Quarterly (NASDAQ:QBUF - ) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 50,889 shares, a decrease of 43.3% from the September 30th total of 89,733 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 51,009 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Innovator Nasdaq-100 10 Buffer ETF - Quarterly

Several institutional investors and hedge funds have recently bought and sold shares of the stock. ARQ Wealth Advisors LLC boosted its position in Innovator Nasdaq-100 10 Buffer ETF - Quarterly by 58.1% during the 3rd quarter. ARQ Wealth Advisors LLC now owns 47,097 shares of the company's stock valued at $1,454,000 after acquiring an additional 17,304 shares in the last quarter. Brookstone Capital Management purchased a new position in shares of Innovator Nasdaq-100 10 Buffer ETF - Quarterly during the 3rd quarter worth approximately $1,592,000. Diligent Investors LLC purchased a new position in shares of Innovator Nasdaq-100 10 Buffer ETF - Quarterly during the 3rd quarter worth approximately $210,000. Triumph Capital Management grew its holdings in shares of Innovator Nasdaq-100 10 Buffer ETF - Quarterly by 56.8% during the 3rd quarter. Triumph Capital Management now owns 36,147 shares of the company's stock worth $1,116,000 after acquiring an additional 13,090 shares during the period. Finally, Red Crane Wealth Management LLC raised its position in shares of Innovator Nasdaq-100 10 Buffer ETF - Quarterly by 6.4% in the 3rd quarter. Red Crane Wealth Management LLC now owns 30,589 shares of the company's stock worth $944,000 after acquiring an additional 1,853 shares in the last quarter.

Innovator Nasdaq-100 10 Buffer ETF - Quarterly Price Performance

NASDAQ QBUF traded down $0.48 on Friday, reaching $30.11. 35,572 shares of the company's stock traded hands, compared to its average volume of 42,341. Innovator Nasdaq-100 10 Buffer ETF - Quarterly has a 12 month low of $28.50 and a 12 month high of $31.33. The stock has a 50-day simple moving average of $30.77 and a 200 day simple moving average of $30.24. The stock has a market cap of $198.73 million, a PE ratio of 30.14 and a beta of 0.28.

Innovator Nasdaq-100 10 Buffer ETF - Quarterly Company Profile

The Innovator Nasdaq-100 10 Buffer ETF Quarterly (QBUF) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to participate in the price movement of the QQQ ETF, up to a cap while buffering the first 10% decline. The fund resets its buffer and cap levels every three months QBUF was launched on Jun 30, 2024 and is issued by Innovator.

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