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 large increase in short interest during the month of June. As of June 30th, there was short interest totaling 155,075 shares, an increase of 84.8% from the June 15th total of 83,932 shares. Based on an average trading volume of 525,818 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are sold short.

Innovator Defined Wealth Shield ETF Stock Up 0.1%

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

Institutional Trading of Innovator Defined Wealth Shield ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Innovator Defined Wealth Shield ETF by 46,021.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,025,929 shares of the company’s stock worth $134,909,000 after buying an additional 4,017,200 shares during the last quarter. Wealthquest Corp raised its stake in Innovator Defined Wealth Shield ETF by 36.9% during the 1st quarter. Wealthquest Corp now owns 3,233,718 shares of the company’s stock worth $108,216,000 after acquiring an additional 871,138 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in Innovator Defined Wealth Shield ETF by 129.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,226,639 shares of the company’s stock worth $41,105,000 after acquiring an additional 691,493 shares in the last quarter. Lee Johnson Capital Management LLC lifted its position in Innovator Defined Wealth Shield ETF by 70.7% in the first quarter. Lee Johnson Capital Management LLC now owns 1,402,959 shares of the company’s stock valued at $46,950,000 after acquiring an additional 580,979 shares during the last quarter. Finally, Personal CFO Solutions LLC purchased a new stake in Innovator Defined Wealth Shield ETF in the first quarter valued at $18,415,000.

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.