Short Interest in Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) Declines By 58.6%

Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 8,229 shares, a decrease of 58.6% from the April 30th total of 19,884 shares. Based on an average daily trading volume, of 8,320 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are sold short.

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

Shares of Innovator U.S. Small Cap Managed Floor ETF stock traded down $0.01 during trading hours on Friday, reaching $30.92. The company’s stock had a trading volume of 3,854 shares, compared to its average volume of 18,832. The company has a market capitalization of $78.85 million, a P/E ratio of 15.96 and a beta of 0.65. The stock’s fifty day simple moving average is $29.88 and its two-hundred day simple moving average is $29.31. Innovator U.S. Small Cap Managed Floor ETF has a one year low of $24.14 and a one year high of $33.43.

Hedge Funds Weigh In On Innovator U.S. Small Cap Managed Floor ETF

Several large investors have recently added to or reduced their stakes in RFLR. Liberty Atlantic Advisors LLC bought a new stake in Innovator U.S. Small Cap Managed Floor ETF during the 4th quarter worth approximately $4,220,000. Independent Financial Group LLC purchased a new stake in Innovator U.S. Small Cap Managed Floor ETF in the 1st quarter valued at $4,088,000. Winnow Wealth LLC bought a new position in Innovator U.S. Small Cap Managed Floor ETF during the 3rd quarter valued at $2,472,000. CreativeOne Wealth LLC bought a new position in Innovator U.S. Small Cap Managed Floor ETF during the 4th quarter valued at $1,190,000. Finally, NewCorp Financial Services Inc. purchased a new position in Innovator U.S. Small Cap Managed Floor ETF during the 4th quarter worth $1,016,000.

About Innovator U.S. Small Cap Managed Floor ETF

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.