Short Interest in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Rises By 570.7%

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 143,006 shares, a growth of 570.7% from the August 15th total of 21,321 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 198,757 shares, the days-to-cover ratio is currently 0.7 days.

Innovator Equity Managed Floor ETF Trading Up 0.8%

Shares of NYSEARCA:SFLR traded up $0.29 during trading on Friday, reaching $38.89. The stock had a trading volume of 155,612 shares, compared to its average volume of 290,750. Innovator Equity Managed Floor ETF has a one year low of $34.69 and a one year high of $40.12. The company has a market capitalization of $2.15 billion, a P/E ratio of 26.45 and a beta of 0.69. The firm’s 50-day simple moving average is $38.77 and its 200 day simple moving average is $37.75.

Innovator Equity Managed Floor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were paid a $0.0227 dividend. This represents a $0.09 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, June 30th.

Hedge Funds Weigh In On Innovator Equity Managed Floor ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Gilpin Wealth Management LLC purchased a new stake in shares of Innovator Equity Managed Floor ETF during the 4th quarter valued at $91,000. Physician Wealth Advisors Inc. purchased a new position in Innovator Equity Managed Floor ETF during the 1st quarter worth $96,000. Royal Bank of Canada acquired a new position in Innovator Equity Managed Floor ETF during the 1st quarter valued at about $104,000. Fifth Third Bancorp acquired a new position in Innovator Equity Managed Floor ETF during the 1st quarter valued at about $137,000. Finally, Sound Income Strategies LLC purchased a new stake in Innovator Equity Managed Floor ETF in the first quarter valued at about $146,000.

Innovator Equity Managed Floor ETF Company Profile

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. SFLR was launched on Nov 8, 2022 and is managed by Innovator.