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

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

Innovator U.S. Small Cap Managed Floor ETF Stock Down 0.4%

Innovator U.S. Small Cap Managed Floor ETF stock traded down $0.13 during mid-day trading on Wednesday, hitting $31.91. The company had a trading volume of 114 shares, compared to its average volume of 16,178. The stock has a market cap of $95.69 million, a price-to-earnings ratio of 15.96 and a beta of 0.59. Innovator U.S. Small Cap Managed Floor ETF has a 1 year low of $26.70 and a 1 year high of $35.17. The business has a fifty day moving average of $32.69 and a 200 day moving average of $31.15.

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

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new position in Innovator U.S. Small Cap Managed Floor ETF in the first quarter valued at $47,000. Beacon Financial Strategies CORP acquired a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF during the second quarter worth about $233,000. Brookstone Capital Management acquired a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF during the first quarter worth about $220,000. COFG Advisors LLC purchased a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF in the 4th quarter valued at about $328,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Innovator U.S. Small Cap Managed Floor ETF in the 4th quarter valued at about $385,000.

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.