Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) Short Interest Down 58.6% in May

Innovator U.S. Small Cap Managed Floor ETF (NYSEARCA:RFLR) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 8,229 shares, a decline of 58.6% from the April 30th total of 19,884 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 8,320 shares, the days-to-cover ratio is presently 1.0 days.

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

Several large investors have recently added to or reduced their stakes in RFLR. Jane Street Group LLC purchased a new position in Innovator U.S. Small Cap Managed Floor ETF during the second quarter worth about $550,000. Winnow Wealth LLC acquired a new stake in Innovator U.S. Small Cap Managed Floor ETF during the third quarter worth about $2,472,000. Envestnet Asset Management Inc. increased its stake in Innovator U.S. Small Cap Managed Floor ETF by 13.7% during the third quarter. Envestnet Asset Management Inc. now owns 27,854 shares of the company’s stock worth $773,000 after acquiring an additional 3,357 shares during the last quarter. Triumph Capital Management acquired a new stake in Innovator U.S. Small Cap Managed Floor ETF during the third quarter worth about $72,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Innovator U.S. Small Cap Managed Floor ETF during the fourth quarter worth about $450,000.

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

RFLR traded up $0.10 during trading on Tuesday, reaching $31.02. 6,992 shares of the stock were exchanged, compared to its average volume of 18,716. The business’s 50 day moving average price is $29.93 and its two-hundred day moving average price is $29.33. The company has a market capitalization of $79.10 million, a price-to-earnings ratio of 15.96 and a beta of 0.65. Innovator U.S. Small Cap Managed Floor ETF has a 1 year low of $24.14 and a 1 year high of $33.43.

About Innovator U.S. Small Cap Managed Floor ETF

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.