Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Sees Significant Decrease in Short Interest

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 169,172 shares, a decrease of 55.7% from the September 30th total of 382,007 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 223,448 shares, the short-interest ratio is currently 0.8 days.

Innovator Equity Managed Floor ETF Price Performance

Shares of NYSEARCA:SFLR traded down $0.71 on Friday, reaching $38.75. 276,711 shares of the company traded hands, compared to its average volume of 284,669. The stock has a market capitalization of $2.23 billion, a PE ratio of 26.45 and a beta of 0.69. The company’s 50 day moving average is $39.16 and its 200-day moving average is $37.90. Innovator Equity Managed Floor ETF has a fifty-two week low of $34.69 and a fifty-two week high of $40.41.

Innovator Equity Managed Floor ETF Cuts Dividend

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

Hedge Funds Weigh In On Innovator Equity Managed Floor ETF

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in Innovator Equity Managed Floor ETF by 1.2% during the 1st quarter. Bank of America Corp DE now owns 5,920,303 shares of the company’s stock worth $209,638,000 after buying an additional 71,504 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Innovator Equity Managed Floor ETF by 766.7% in the second quarter. Envestnet Asset Management Inc. now owns 4,914,894 shares of the company’s stock worth $189,617,000 after acquiring an additional 4,347,835 shares in the last quarter. Americana Partners LLC increased its position in shares of Innovator Equity Managed Floor ETF by 4.0% in the third quarter. Americana Partners LLC now owns 3,611,414 shares of the company’s stock worth $140,665,000 after acquiring an additional 139,813 shares in the last quarter. Brookstone Capital Management purchased a new position in shares of Innovator Equity Managed Floor ETF in the third quarter worth approximately $31,427,000. Finally, Liberty Atlantic Advisors LLC raised its holdings in shares of Innovator Equity Managed Floor ETF by 10.3% during the third quarter. Liberty Atlantic Advisors LLC now owns 752,483 shares of the company’s stock valued at $29,324,000 after acquiring an additional 69,986 shares during the period.

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.