Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) Sees Large Decline in Short Interest

Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 33,913 shares, a decline of 43.9% from the August 31st total of 60,419 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 12,030 shares, the days-to-cover ratio is presently 2.8 days.

Innovator U.S. Small Cap Managed Floor ETF Stock Performance

Shares of Innovator U.S. Small Cap Managed Floor ETF stock traded up $0.07 on Thursday, hitting $31.45. 7,885 shares of the company’s stock were exchanged, compared to its average volume of 16,194. Innovator U.S. Small Cap Managed Floor ETF has a 1 year low of $26.70 and a 1 year high of $35.17. The company has a 50-day simple moving average of $32.49 and a 200-day simple moving average of $31.32. The stock has a market capitalization of $92.78 million, a PE ratio of 15.96 and a beta of 0.59.

Innovator U.S. Small Cap Managed Floor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th will be paid a $0.0657 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. This is an increase from Innovator U.S. Small Cap Managed Floor ETF’s previous quarterly dividend of $0.0477. The ex-dividend date of this dividend is Wednesday, September 30th.

Institutional Trading of Innovator U.S. Small Cap Managed Floor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of RFLR. Sound Income Strategies LLC bought a new position in shares of Innovator U.S. Small Cap Managed Floor ETF in the first quarter worth about $47,000. Beacon Financial Strategies CORP purchased a new position in Innovator U.S. Small Cap Managed Floor ETF in the 2nd quarter worth approximately $233,000. Brookstone Capital Management bought a new position in Innovator U.S. Small Cap Managed Floor ETF in the 1st quarter worth approximately $220,000. COFG Advisors LLC bought a new position in Innovator U.S. Small Cap Managed Floor ETF in the 4th quarter worth approximately $328,000. Finally, Kingsview Wealth Management LLC purchased a new stake in Innovator U.S. Small Cap Managed Floor ETF during the 4th quarter valued at approximately $385,000.

Innovator U.S. Small Cap Managed Floor ETF Company Profile

The Innovator U.S. Small Cap Managed Floor ETF (RFLR) is an exchange-traded fund that mostly invests in small-cap stocks. The fund aims to participate in 70% of upside appreciation of US small-cap stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered three-month expiration dates to target a maximum loss of approximately 8-12% on a rolling 12-month basis. RFLR was launched on Sep 17, 2024 and is issued by Innovator.