Short Interest in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Declines By 59.4%

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 86,459 shares, a drop of 59.4% from the April 15th total of 213,108 shares. Based on an average daily volume of 169,697 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC acquired a new position in shares of Innovator Equity Managed Floor ETF in the fourth quarter worth about $2,002,000. CCG Wealth Management LLC boosted its holdings in shares of Innovator Equity Managed Floor ETF by 447.2% in the fourth quarter. CCG Wealth Management LLC now owns 45,912 shares of the company’s stock worth $1,692,000 after buying an additional 37,522 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Innovator Equity Managed Floor ETF by 21.0% in the fourth quarter. Farther Finance Advisors LLC now owns 165,139 shares of the company’s stock worth $6,087,000 after buying an additional 28,677 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of Innovator Equity Managed Floor ETF by 350.3% in the third quarter. Concurrent Investment Advisors LLC now owns 59,065 shares of the company’s stock worth $2,128,000 after buying an additional 45,949 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Innovator Equity Managed Floor ETF by 229.1% in the third quarter. Thrivent Financial for Lutherans now owns 120,593 shares of the company’s stock worth $4,345,000 after buying an additional 83,949 shares during the period.

Innovator Equity Managed Floor ETF Stock Performance

Shares of NYSEARCA:SFLR traded down $0.20 during trading hours on Friday, hitting $37.89. 227,402 shares of the company’s stock traded hands, compared to its average volume of 285,265. Innovator Equity Managed Floor ETF has a 52 week low of $31.82 and a 52 week high of $38.13. The company’s fifty day simple moving average is $36.42 and its two-hundred day simple moving average is $36.66. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 26.45 and a beta of 0.67.

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.