Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) Short Interest Update

Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) was the recipient of a significant decline in short interest in 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. Based on an average daily trading volume, of 12,030 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.1% of the company’s stock are sold short.

Innovator U.S. Small Cap Managed Floor ETF Trading Down 0.2%

Shares of RFLR stock traded down $0.05 during trading hours on Wednesday, hitting $31.38. 6,768 shares of the company were exchanged, compared to its average volume of 16,238. The business has a 50 day moving average of $32.51 and a two-hundred day moving average of $31.30. Innovator U.S. Small Cap Managed Floor ETF has a 52 week low of $26.70 and a 52 week high of $35.17. The company has a market capitalization of $92.57 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 announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Wednesday, September 30th will be paid a $0.0657 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a boost from Innovator U.S. Small Cap Managed Floor ETF’s previous quarterly dividend of $0.0477.

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

Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Innovator U.S. Small Cap Managed Floor ETF by 38.5% in the second quarter. Envestnet Asset Management Inc. now owns 307,863 shares of the company’s stock valued at $10,092,000 after purchasing an additional 85,562 shares in the last quarter. Independent Financial Group LLC acquired a new stake in Innovator U.S. Small Cap Managed Floor ETF in the 1st quarter valued at approximately $4,088,000. Winnow Wealth LLC raised its position in Innovator U.S. Small Cap Managed Floor ETF by 1.7% in the 1st quarter. Winnow Wealth LLC now owns 116,966 shares of the company’s stock valued at $3,396,000 after buying an additional 1,985 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in Innovator U.S. Small Cap Managed Floor ETF in the 4th quarter valued at approximately $846,000. Finally, WorthPointe LLC lifted its stake in Innovator U.S. Small Cap Managed Floor ETF by 11.3% in the 2nd quarter. WorthPointe LLC now owns 19,680 shares of the company’s stock valued at $645,000 after acquiring an additional 2,004 shares in the last quarter.

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.