Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Short Interest Update

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 shares of the company are sold short. Based on an average daily volume of 198,757 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Innovator Equity Managed Floor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SFLR. Quantinno Capital Management LP boosted its holdings in Innovator Equity Managed Floor ETF by 3.8% during the second quarter. Quantinno Capital Management LP now owns 13,263 shares of the company’s stock worth $445,000 after buying an additional 486 shares in the last quarter. ATX Financial Planning LLC increased its holdings in Innovator Equity Managed Floor ETF by 0.3% in the first quarter. ATX Financial Planning LLC now owns 206,074 shares of the company’s stock valued at $7,297,000 after buying an additional 548 shares in the last quarter. Concorde Asset Management LLC lifted its position in shares of Innovator Equity Managed Floor ETF by 0.7% during the 4th quarter. Concorde Asset Management LLC now owns 87,680 shares of the company’s stock valued at $3,232,000 after acquiring an additional 611 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Innovator Equity Managed Floor ETF by 5.2% during the 4th quarter. Golden State Wealth Management LLC now owns 12,278 shares of the company’s stock valued at $453,000 after acquiring an additional 612 shares during the period. Finally, Equitable Holdings Inc. boosted its stake in shares of Innovator Equity Managed Floor ETF by 14.4% during the 4th quarter. Equitable Holdings Inc. now owns 7,560 shares of the company’s stock worth $279,000 after acquiring an additional 950 shares in the last quarter.

Innovator Equity Managed Floor ETF Stock Performance

Shares of Innovator Equity Managed Floor ETF stock opened at $38.89 on Friday. Innovator Equity Managed Floor ETF has a 1 year low of $34.69 and a 1 year high of $40.12. The company has a market capitalization of $2.15 billion, a P/E ratio of 26.45 and a beta of 0.69. The company’s fifty day moving average is $38.77 and its two-hundred day moving average is $37.75.

Innovator Equity Managed Floor ETF Cuts Dividend

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

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.