Innovator U.S. Equity Accelerated ETF – July (BATS:XDJL) Trading Down 9.9% – Should You Sell?

Innovator U.S. Equity Accelerated ETF – July (BATS:XDJL) fell 9.9% on Friday . The company traded as low as $32.44 and last traded at $30.96. 3,226 shares traded hands during trading, an increase of 19% from the average session volume of 2,721 shares. The stock had previously closed at $34.34.

Innovator U.S. Equity Accelerated ETF – July Price Performance

The business’s 50-day moving average price is $34.77 and its two-hundred day moving average price is $34.63. The company has a market capitalization of $3.87 million, a P/E ratio of 25.24 and a beta of 0.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC bought a new stake in Innovator U.S. Equity Accelerated ETF – July during the 3rd quarter worth approximately $190,000. Wolverine Trading LLC boosted its holdings in shares of Innovator U.S. Equity Accelerated ETF – July by 91.8% in the third quarter. Wolverine Trading LLC now owns 13,588 shares of the company’s stock valued at $459,000 after buying an additional 6,503 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Innovator U.S. Equity Accelerated ETF – July during the fourth quarter worth $52,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of Innovator U.S. Equity Accelerated ETF – July in the 4th quarter valued at about $425,000.

About Innovator U.S. Equity Accelerated ETF – July

The Innovator U.S. Equity Accelerated ETF – July (XDJL) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for 2x the price return of the SPDR S&P 500 ETF (SPY), subject to an upside return cap over a one-year outcome period. XDJL was launched on Jul 1, 2021 and is managed by Innovator.