Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) Short Interest Up 107.5% in August

Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 60,419 shares, an increase of 107.5% from the August 15th total of 29,111 shares. Based on an average trading volume of 12,465 shares, the short-interest ratio is presently 4.8 days. Approximately 2.1% of the company’s shares are sold short.

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

Shares of RFLR stock traded down $0.01 during mid-day trading on Monday, hitting $32.03. The company’s stock had a trading volume of 44,622 shares, compared to its average volume of 16,206. The company has a market cap of $96.06 million, a PE ratio of 15.96 and a beta of 0.59. The company’s fifty day simple moving average is $32.72 and its 200-day simple moving average is $31.12. Innovator U.S. Small Cap Managed Floor ETF has a 52 week low of $26.70 and a 52 week high of $35.17.

Innovator U.S. Small Cap Managed Floor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were issued a $0.0477 dividend. The ex-dividend date was Tuesday, June 30th. This is an increase from Innovator U.S. Small Cap Managed Floor ETF’s previous quarterly dividend of $0.03. This represents a $0.19 dividend on an annualized basis and a yield of 0.6%.

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

A number of institutional investors and hedge funds have recently modified their holdings of RFLR. Independent Financial Group LLC bought a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF in the 1st quarter valued at $4,088,000. Winnow Wealth LLC boosted its stake in Innovator U.S. Small Cap Managed Floor ETF by 1.7% during the first quarter. Winnow Wealth LLC now owns 116,966 shares of the company’s stock worth $3,396,000 after acquiring an additional 1,985 shares in the last quarter. CreativeOne Wealth LLC bought a new position in Innovator U.S. Small Cap Managed Floor ETF during the fourth quarter worth $1,190,000. NewCorp Financial Services Inc. acquired a new stake in Innovator U.S. Small Cap Managed Floor ETF in the fourth quarter worth $1,016,000. Finally, Rothschild Wealth LLC grew its holdings in Innovator U.S. Small Cap Managed Floor ETF by 99.9% in the fourth quarter. Rothschild Wealth LLC now owns 34,103 shares of the company’s stock worth $971,000 after purchasing an additional 17,039 shares during the period.

Innovator U.S. Small Cap Managed Floor ETF Company Profile

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.