Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) Short Interest Down 42.5% in July

Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 216,442 shares, a decrease of 42.5% from the June 30th total of 376,488 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 251,664 shares, the days-to-cover ratio is presently 0.9 days.

Innovator Equity Managed Floor ETF Stock Performance

Shares of SFLR traded down $0.23 during mid-day trading on Wednesday, reaching $37.97. The company had a trading volume of 46,998 shares, compared to its average volume of 312,479. The company’s 50 day simple moving average is $38.48 and its 200 day simple moving average is $37.32. Innovator Equity Managed Floor ETF has a 1-year low of $33.49 and a 1-year high of $40.12. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 26.45 and a beta of 0.69.

Institutional Trading of Innovator Equity Managed Floor ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Gilpin Wealth Management LLC bought a new position in shares of Innovator Equity Managed Floor ETF in the 4th quarter valued at $91,000. Physician Wealth Advisors Inc. bought a new stake in Innovator Equity Managed Floor ETF during the 1st quarter worth $96,000. Royal Bank of Canada bought a new stake in Innovator Equity Managed Floor ETF during the 1st quarter worth $104,000. Fifth Third Bancorp acquired a new position in Innovator Equity Managed Floor ETF in the 1st quarter worth about $137,000. Finally, Sound Income Strategies LLC acquired a new position in Innovator Equity Managed Floor ETF in the 1st quarter worth about $146,000.

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.