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

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 143,006 shares, an increase of 570.7% from the August 15th total of 21,321 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 198,757 shares, the days-to-cover ratio is currently 0.7 days.

Innovator Equity Managed Floor ETF Stock Down 0.5%

Shares of SFLR opened at $38.60 on Friday. The business has a fifty day moving average of $38.76 and a 200 day moving average of $37.74. The company has a market cap of $2.13 billion, a PE ratio of 26.45 and a beta of 0.69. Innovator Equity Managed Floor ETF has a 52-week low of $34.69 and a 52-week high of $40.12.

Innovator Equity Managed Floor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were issued a $0.0227 dividend. This represents a $0.09 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, June 30th.

Hedge Funds Weigh In On Innovator Equity Managed Floor ETF

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Innovator Equity Managed Floor ETF by 1.2% during the first quarter. Bank of America Corp DE now owns 5,920,303 shares of the company’s stock valued at $209,638,000 after buying an additional 71,504 shares during the period. LPL Financial LLC raised its holdings in shares of Innovator Equity Managed Floor ETF by 16.5% in the fourth quarter. LPL Financial LLC now owns 4,257,434 shares of the company’s stock worth $156,929,000 after buying an additional 601,796 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Innovator Equity Managed Floor ETF by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,928,409 shares of the company’s stock worth $71,081,000 after buying an additional 119,487 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of Innovator Equity Managed Floor ETF by 7.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,886,697 shares of the company’s stock worth $69,544,000 after acquiring an additional 126,292 shares during the last quarter. Finally, Atticus Wealth Management LLC lifted its stake in shares of Innovator Equity Managed Floor ETF by 3,459.4% during the 2nd quarter. Atticus Wealth Management LLC now owns 644,710 shares of the company’s stock worth $24,873,000 after acquiring an additional 626,597 shares during the last quarter.

About Innovator Equity Managed Floor ETF

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.