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

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 49,359 shares, a decline of 77.2% from the July 15th total of 216,442 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 203,785 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Innovator Equity Managed Floor ETF

Several hedge funds have recently made changes to their positions in SFLR. Bank of America Corp DE increased its stake 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 worth $209,638,000 after acquiring an additional 71,504 shares during the period. LPL Financial LLC increased its position in Innovator Equity Managed Floor ETF by 16.5% during the 4th quarter. LPL Financial LLC now owns 4,257,434 shares of the company’s stock worth $156,929,000 after purchasing an additional 601,796 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Innovator Equity Managed Floor ETF by 6.6% during the 4th 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 in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Innovator Equity Managed Floor ETF by 7.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,886,697 shares of the company’s stock valued at $69,544,000 after buying an additional 126,292 shares during the period. Finally, Liberty Atlantic Advisors LLC purchased a new stake in shares of Innovator Equity Managed Floor ETF in the fourth quarter valued at approximately $20,483,000.

Innovator Equity Managed Floor ETF Trading Up 0.7%

Shares of Innovator Equity Managed Floor ETF stock traded up $0.29 during trading hours on Thursday, hitting $39.25. 197,439 shares of the company were exchanged, compared to its average volume of 303,685. The business has a 50-day moving average of $38.51 and a 200-day moving average of $37.44. Innovator Equity Managed Floor ETF has a 1 year low of $34.46 and a 1 year high of $40.12. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 26.45 and a beta of 0.69.

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.