Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Shares Shorted: Short Interest Up 147.0% in September

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 382,007 shares, an increase of 147.0% from the September 15th total of 154,690 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 273,812 shares, the short-interest ratio is presently 1.4 days.

Institutional Investors Weigh In On Innovator Equity Managed Floor ETF

A number of institutional investors have recently bought and sold shares of the business. Gilpin Wealth Management LLC grew its stake in Innovator Equity Managed Floor ETF by 5.6% during the third quarter. Gilpin Wealth Management LLC now owns 7,495 shares of the company’s stock valued at $292,000 after acquiring an additional 400 shares in the last quarter. ATX Financial Planning LLC increased its holdings in Innovator Equity Managed Floor ETF by 0.3% in the 1st quarter. ATX Financial Planning LLC now owns 206,074 shares of the company’s stock valued at $7,297,000 after acquiring an additional 548 shares during the last quarter. Castleview Partners LLC lifted its stake in Innovator Equity Managed Floor ETF by 2.3% in the 3rd quarter. Castleview Partners LLC now owns 25,635 shares of the company’s stock worth $998,000 after purchasing an additional 584 shares in the last quarter. Wealthgarden F.S. LLC lifted its stake in Innovator Equity Managed Floor ETF by 9.9% in the 1st quarter. Wealthgarden F.S. LLC now owns 11,505 shares of the company’s stock worth $407,000 after purchasing an additional 1,037 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in Innovator Equity Managed Floor ETF in the 1st quarter worth $96,000.

Innovator Equity Managed Floor ETF Price Performance

Shares of SFLR stock opened at $39.45 on Thursday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 26.45 and a beta of 0.69. Innovator Equity Managed Floor ETF has a one year low of $34.69 and a one year high of $40.41. The company’s fifty day moving average price is $39.10 and its 200-day moving average price is $38.24.

Innovator Equity Managed Floor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were issued a $0.0195 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.08 annualized dividend and a yield of 0.2%. This is a decrease from Innovator Equity Managed Floor ETF’s previous quarterly dividend of $0.0227.

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.